1. The average U.S. household had $171,775 in mortgage debt in the first quarter of 2016.

2. Based on affordability, availability of mortgages, and housing market stability, Oklahoma City, Oklahoma, is the best city for first-time homebuyers, with a median home price of $148,300, an average price per square foot of $78 and a loan funding ratio of 75% (compared to the national average of 69%).

3. Between January and June 2016, the rates on 30-year mortgages dropped 0.56%. On a $300,000 mortgage, that adds up to a saving of $100 per month.

4. In the second quarter of 2016, total U.S. mortgage debt amounted to $8.36 trillion (up $246 billion from 2015).

5. American households are expected to save over $5 billion by refinancing between now and the end of the year. Check out AmeriValue to see how much you can save by refinancing.

More Financial Facts

This article was provided by our partners at moneytips.com.

See more From MoneyTips: