Americans owe more than $12 trillion on their mortgages, and the personal-finance website WalletHub today released its report on the States Adding the Most Mortgage Debt to show where homeowners are struggling the most. Maryland came in ranked 1st among states where mortgage debt is increasing the most.
WalletHub compared the 50 states based on its proprietary data on mortgage debt from Q3 2023 to Q4 2023. Maryland Stats:
- Overall Rank: 1st
- Change in average mortgage debt: The average mortgage balance in Maryland increased by 1.23% from Q3 2023 to Q4 2023.
- Average mortgage debt: The average mortgage balance in Maryland was $283,092 in Q4 2023.
- Average monthly payment: The average monthly mortgage payment in Maryland was $2,145 in Q4 2023.
For the full report, please visit:
https://wallethub.com/edu/states-adding-the-most-mortgage-debt/132824