Here’s what mortgage debt looks like nationwide
In a report released last week, Experian announced that the average mortgage debt nationally is $196,014, up 2.5 percent in a year and more than 6 percent since 2008.
You probably know Experian as one of the agencies holding the sword of Damocles over your credit report. Considering that debt is a sizeable factor in your credit score, it should come as no surprise that the agency occasionally produces reports and data related to the national debt.
In a report released last week, the agency announced that the average mortgage debt nationally is $196,014, up 2.5 percent in a year and more than 6 percent since 2008.
In Pennsylvania, that average mortgage debt is $157,643. That figure puts our commonwealth in the top 10 for states with the smallest debt increase since last year. Residents in Washington, D.C. had the highest average mortgage debt, at $385,000. West Virginia – at $113,000 – had the least mortgage debt nationally.
You can download all the data from the agency's 2016 State of Credit Report and take your own deep dive online.
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