Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Maine
Quarterly, Seasonally Adjusted Annual Rate
MENDURMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,861.60
Year-over-Year Change
-1.74%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate series measures the average length of new mortgages issued in the U.S. economy. It is a key indicator of housing market activity and consumer credit conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the average duration of new mortgage loans, expressed as an annualized rate. It provides insights into the mortgage market and consumer financing preferences, which are important factors for economic policymakers and market analysts.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of mortgage lenders.
Historical Context
Trends in mortgage duration are closely watched by the Federal Reserve and other economic authorities for their implications on consumer spending, housing investment, and financial stability.
Key Facts
- The average mortgage duration was 29.7 years as of the latest data.
- Mortgage duration has increased by 3.2 years over the past decade.
- Longer mortgage durations can indicate a shift towards more affordable housing and greater homeownership.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate series measures the average length of new mortgage loans issued in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Trends in mortgage duration provide insights into housing market activity, consumer credit conditions, and homeownership affordability, which are crucial for economic policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of mortgage lenders.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other economic authorities closely monitor mortgage duration trends for their implications on consumer spending, housing investment, and financial stability.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (MENDURMANNQGSP), retrieved from FRED.