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MORTAMT2
Second mortgage monthly payment

Description

MORTAMT2 reports the household's second or junior mortgage monthly payment obligations, if any. Amounts are given even if payments were delinquent or paid by someone outside the household. By definition, respondents could not have a second or junior mortgage if they reported no first mortgage (see MORTAMT1).

The universe for 2000 census samples, the ACS and the PRCS samples relies on a "yes" response in the variable MORTGAGE.

Amounts are expressed in contemporary dollars, and users studying change over time must adjust for inflation (See INCTOT for Consumer Price Index adjustment factors). The exception is the ACS/PRCS multi-year files, where all dollar amounts have been standardized to dollars as valued in the final year of data included in the file (e.g., 2007 dollars for the 2005-2007 3-year file). Additionally, more detail may be available than exists in the original ACS samples.