80+ Mortgage Rate Statistics: Home Truths Revealed (2025)

We’ve gathered 100 key statistics on homeowner’s mortgage rate for 2025. The data comes from our 2024 REsimpli survey, and other trusted financial sources.

These numbers cover mortgage rates, market trends, loan types, and borrower demographics. Each statistic helps you understand today’s home financing landscape and make better decisions leading into 2025.

Top Statistics Homeowner’s Mortgage Rate (Editor’s Pick)

Here are the most revealing mortgage and homeownership statistics for 2025, highlighting key trends in demographics, digital preferences, and market expectations. 

• The homeownership rate in the United States is 65.8%
• Homeownership rates are highest in the Midwest at 70.8% and lowest in the West at 60.4%
• The median credit score among new mortgage borrowers is 781
• The median age of a first-time homebuyer is 33 years old
• 69% of homebuyers prefer handling their mortgages entirely online
• White Americans account for 73.3% of homeowners, compared to 44.1% for Black Americans, 50.6% for Hispanic Americans, and 60.5% for Asian Americans
• 47.6% of the denied loans for home improvements included 2 or more minority races compared to 6.73% white Americans

Rates & Terms

Mortgage rates determine how much homeowners pay for their monthly and long-term loans. These statistics reveal current rates across different loan types and show how rates have shifted in recent years.

• The average 30-year fixed mortgage rate in early 2025 is around 6.8% 
• The national average for a 15-year fixed mortgage rate stands at 6.32%
• ARM rates for a 5-year term average 6.55% 
• 87% of outstanding mortgage debt has a rate below 6%:
• Below 3%: 22.20%
• 3% to 4%: 35.90%
• 4% to 5%: 18.90%
• 5% to 6%: 9.70%
• Above 6%: 13.20%
• Average conventional mortgage rate in 2022: 4.974%
• Average FHA mortgage rate in 2022: 4.991% 
• Average USDA mortgage rate in 2022: 4.725% 
• Average VA mortgage rate in 2022: 4.722% 
• Average mortgage rate for second homes: 4.760% 

Sources: REsimpli, LendingTree, FHFA, Zillow, Freddie Mac

Market Volume

The size and activity of the mortgage market shape America’s housing landscape. These statistics show current debt levels, sales volumes, and investment trends across the real estate sector.

• More than 6.5 million homes are sold in the United States each year 
• Current American mortgage debt is $16.96 trillion 
• The total mortgage volume in 2022 amounted to $2.60 trillion 
• In 2022, 11,526,082 mortgage applications were submitted 
• A total of 7,426,379 mortgage loans were funded in 2022 
• UWM funded the highest number of purchase mortgages in 2022: 222,762 
• Rocket Mortgage funded 156,711 purchase mortgages in 2022 

Sources: REsimpli, Lending Tree, Homebuyer, Statista

Demographics

Who owns homes in America tells an important story about housing access and opportunity. These statistics reveal ownership patterns across various factors, showing where gaps still exist.

• The homeownership rate in the United States is 65.8%
• Millennials make up 37% of homebuyers 
• White Americans account for 73.3% of homeowners, compared to 44.1% for Black Americans, 50.6% for Hispanic Americans, and 60.5% for Asian Americans 
• 47.6% of the denied loans for home improvements included 2 or more minority races compared to 6.73% white Americans
• 21.21%  of the denied loans for cash-out refinancing included 2 or more minority races
• The median age of a first-time homebuyer is 33 years old 
• Homeownership rates are highest in the Midwest at 70.8% and lowest in the West at 60.4%
• The median household income of U.S. homeowners is $90,000 annually, compared to $40,000 for renters 
• Homeownership rates among seniors (65 and older) are 78% 
• Single women accounted for 18% of all home purchases in 2023, while single men accounted for 9% 

Sources: REsimpli, Wall Street Journal, U.S. Census Bureau, NAR, data.gov

Loan Types

Different mortgage options, from conventional loans to government-backed programs, serve diverse borrower needs. These statistics show how Americans are financing their homes today and reveal key trends in lending sources.

• Independent mortgage lenders accounted for 68.1% of all mortgages in 2020
• 43,000 reverse mortgages were taken out in 2020
• Over 90% of U.S. mortgages are fixed-rate loans
• 71.2% of homebuyers used conventional mortgage financing
• FHA mortgages were used by 17.2% of homebuyers
• USDA loans accounted for 1.6% of homebuyers
• 10.0% of homebuyers used VA loans 
• 3.43% of mortgage loans were for second homes in 2022

Sources: REsimpli, Lending Tree, Homebuyer, CFPB, Urban Institute

Loan Details

The specific terms and requirements of mortgage loans directly impact who can buy a home and at what cost. These statistics cover typical loan sizes, credit requirements, and down payment trends across different mortgage types.

• The average loan size for homebuyers in 2022 was $373,463 
• The median credit score among new mortgage borrowers is 781 
• Points and fees can significantly vary; one point on a $100,000 loan equals 1% 
• The average loan-to-value (LTV) ratio for U.S. homeowners is approximately 30% 
• The average down payment for a home in the U.S. is approximately 13% 
• Average FHA mortgage loan size: $482,487 
• Average USDA mortgage loan size: $184,103
• Average VA mortgage loan size: $372,655 

Sources: REsimpli, Lending Tree, Bankrate, MBA, Zillow, Federal Reserve Bank of NY, Homebuyer

Equity & Risk

Home equity and risk factors provide crucial insights into the financial health of America’s housing market. These statistics reveal current equity levels, delinquency rates, and emerging challenges in housing affordability and construction costs.

• Home equity reached a record high of $27.8 trillion in 2023 
• The mortgage delinquency rate in the US (30 days or more) is 4% 
• Mortgage fraud increased by 37.2% year-on-year from Q2 2020
• Less than 2% of loans are in serious delinquency as of Q3 2024

Source: REsimpli, CoreLogic, Black Knight

Consumer Trends

Homebuyer preferences and behaviors are rapidly evolving in response to market changes and digital innovation. These statistics highlight shifting attitudes toward online mortgage processing, location preferences, and how buyers are adapting to current market conditions.

• 49% of online applicants prioritize fewer in-person interactions 
• 69% of homebuyers prefer handling their mortgages entirely online 
• Only 7% of banks can handle loan products digitally from start to finish 
• Fintech lending has grown annually by 30% 
• Fintech lenders reduce processing time by about 10 days 
• About 20% of first-time homebuyers receive financial help from family or friends 
• The average time to save for a 20% down payment on a median-priced home is 7 years 
• The average homeowner stays in their home for 13 years before selling 
• 52% of homeowners would need a mortgage rate below 6% to feel comfortable buying a home this year 

Source: REsimpli, Bankrate, NAR, Federal Reserve Bank of NY, Markets and Markets, Ellie Mae, Fannie Mae

ARMs/ADJUSTABLES

Adjustable-rate mortgages offer lower initial rates but come with future uncertainty as rates can change. These statistics reveal how ARM holders are managing rate adjustments and their plans for dealing with potential payment increases.

• 70% of homeowners with adjustable-rate mortgages (ARMs) regret their decision
• Nearly 40% of ARM holders experienced an interest rate increase within the last year 
• Adjustable-rate mortgages accounted for 10% of all mortgage applications in 2024 
• 53% of homeowners with ARMs are considering refinancing to fixed-rate loans 
• 25% of ARM holders anticipate monthly payment increases exceeding $500 
• 67% of ARM holders expressed concern about their ability to meet future payments if rates continue to rise 
• 15% of ARM borrowers are unaware of how much their rates will adjust after the initial fixed period 
• 23% of ARM borrowers plan to sell their homes before their adjustable rate kicks in

Sources: PointBlog

Conclusion

Current mortgage statistics reveal a complex market: 87% of mortgage debt carries rates below 6%, digital lending is growing rapidly and 69% of buyers prefer online processes. The coming years will likely see further evolution in how people access and manage home financing.