New Non-Farm Mortgages Recorded, $20,000 and Under for United States
M02173USM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,395.60
Year-over-Year Change
-6.98%
Date Range
1/1/1939 - 2/1/1965
Summary
The 'New Non-Farm Mortgages Recorded, $20,000 and Under for United States' series tracks the volume of new mortgage loans under $20,000 in the United States. This metric provides insights into lending trends for smaller-scale residential real estate transactions.
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 measures the number of new non-farm mortgage loans of $20,000 or less that are recorded in the United States. It offers an indicator of lending activity in the lower end of the residential real estate market, which can be useful for analyzing trends in housing affordability and accessibility.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Policymakers and market analysts often use this metric to understand lending conditions and credit availability for lower-income households.
Key Facts
- The series tracks mortgages under $20,000.
- Provides insights into lending for lower-cost homes.
- Data is collected and reported by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This series measures the number of new non-farm mortgage loans of $20,000 or less that are recorded in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric offers an indicator of lending activity in the lower end of the residential real estate market, which can be useful for analyzing trends in housing affordability and accessibility.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts often use this metric to understand lending conditions and credit availability for lower-income households.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and potential limitations of the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, New Non-Farm Mortgages Recorded, $20,000 and Under for United States (M02173USM398NNBR), retrieved from FRED.