Americans collectively owe over $12.6 trillion in mortgage debt, and the personal finance website WalletHub today released its report on the States Adding the Most Mortgage Debt, highlighting where homeowners are facing the greatest challenges. WalletHub examined proprietary data from Q3 2024 to Q4 2024 to compare mortgage debt trends across all 50 states.
| Largest Increase | Smallest Increase |
| 1. Vermont | 41. Indiana |
| 2. Delaware | 42. Iowa |
| 3. Massachusetts | 43. North Carolina |
| 4. Minnesota | 44. Michigan |
| 5. Hawaii | 45. Pennsylvania |
| 6. Arkansas | 46. Montana |
| 7. California | 47. South Dakota |
| 8. Maine | 48. Nebraska |
| 9. Washington | 49. West Virginia |
| 10. Colorado | 50. Kansas |
For the full report, please visit:
https://wallethub.com/edu/
“Mortgage interest rates are the highest they’ve been in around a decade, and home prices have seen a meteoric rise in recent years as well. Even small increases in home prices can lead to thousands of dollars in extra mortgage interest costs for homeowners, so it’s important to choose wisely when deciding where and when to buy a house.”
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“Vermont residents added the most mortgage debt from Q3 2024 to Q4 2024, at least in percentage terms, with the average balance rising by 2.63% to $208,730. No other state had an increase above 2%, and 23 states even saw decreases during Q4.”
- John Kiernan, WalletHub Editor
More From WalletHub
- States With Largest and Smallest Debt Increases
- States With Largest and Smallest Credit Card Debt Increases
- States Adding the Most Personal Loan Debt
- States Where Auto Loan Debt Is Increasing Most
- 2024 Household Debt Report: Trends and Insights
- 2024 Credit Card Debt Study
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