Other Financial Information: Mortgage Principal Paid on Owned Property: All Consumer Units
CXUMRTPRINPLB0101M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2,935.00
Year-over-Year Change
46.17%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the monthly mortgage principal payments made by U.S. consumer units on their owned properties. It provides insight into household financial activity and mortgage market dynamics.
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
The 'Other Financial Information: Mortgage Principal Paid on Owned Property' series tracks the monthly principal payments made by consumers on their mortgage loans. This metric is useful for analyzing household balance sheets, mortgage market conditions, and consumer spending patterns.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is closely monitored by economists, policymakers, and financial analysts to gauge consumer financial health and mortgage market activity.
Key Facts
- Mortgage principal payments averaged $1,127 per consumer unit in 2021.
- Principal payments increased by 4.2% from 2020 to 2021.
- Mortgage principal payments account for a significant portion of household budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly mortgage principal payments made by U.S. consumer units on their owned properties.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into household financial activity, mortgage market dynamics, and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and financial analysts to gauge consumer financial health and mortgage market activity.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Other Financial Information: Mortgage Principal Paid on Owned Property: All Consumer Units (CXUMRTPRINPLB0101M), retrieved from FRED.