Expenditures: Mortgage Interest and Charges by Composition of Consumer Unit: Married Couple Only Consumer Units
CXUOWNMORTGLB0603M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,518.00
Year-over-Year Change
5.30%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures mortgage interest and charges paid by married couple-only consumer units in the United States. It provides insights into a key component of household expenditures and is relevant for analyzing consumer financial behavior.
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 Expenditures: Mortgage Interest and Charges by Composition of Consumer Unit: Married Couple Only Consumer Units series represents the average monthly expenditures on mortgage interest and related charges for married couple-only households. This metric is useful for understanding housing costs and financial pressures faced by this demographic.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is used by economists, policymakers, and financial analysts to assess consumer financial conditions and housing market dynamics.
Key Facts
- Married couple-only households account for over 50% of U.S. consumer units.
- Mortgage interest is one of the largest housing-related expenses for this demographic.
- Trends in this metric can indicate changes in housing affordability and consumer financial stress.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures on mortgage interest and related charges for married couple-only consumer units in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into a key component of household expenses for a large segment of the U.S. population, helping analysts and policymakers assess consumer financial conditions and housing market dynamics.
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 used by economists, policymakers, and financial analysts to evaluate consumer financial conditions and housing market trends, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some publication delays due to the nature of the survey process.
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Citation
U.S. Federal Reserve, Expenditures: Mortgage Interest and Charges by Composition of Consumer Unit: Married Couple Only Consumer Units (CXUOWNMORTGLB0603M), retrieved from FRED.