Mortgage debt can be a double-edged sword: It represents a wealth-building opportunity, but if not managed well, can sabotage your finances. Meanwhile, learn about trends in mortgage rates and the impact they have on homebuying and refinancing.

Average mortgage debt
Unlike auto loans or credit card debt, mortgage debt is considered “good debt” in that it allows you to build equity in a home. That said, mortgage debt can hamper your financial prospects if your debt load consumes too much of your income. You’ll want to take steps to limit your mortgage debt, such as choosing a more affordable home or making a larger down payment.