Mortgage Originations in the United States decreased to 425.63 Billion USD in the first quarter of 2025 from 465.35 Billion USD in the fourth quarter of 2024. This dataset includes a chart with historical data for the United States Mortgage Originations.

The U.S. mortgage market has declined notably since 2020 and 2021, mostly due to the effect of higher borrowing costs on refinance mortgages. The value of refinancing mortgage originations, amounted to 190 billion U.S. dollars in the fourth quarter of 2024, down from a peak of 851 billion U.S. dollars in the fourth quarter of 2020. The value of mortgage loans for the purchase of a property recorded milder fluctuations, with a value of 304 billion U.S. dollars in the fourth quarter of 2024. According to the forecast, mortgage lending is expected to slightly increase until the end of 2026. The cost of mortgage borrowing in the U.S. Mortgage interest rates in the U.S. rose dramatically in 2022, peaking in the final quarter of 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under three percent, whereas in 2024, the average rate for the same mortgage type exceeded 6.6 percent. This has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market. The effect of a slower housing market on property prices and rents According to the S&P/Case Shiller U.S. National Home Price Index, housing prices experienced a slight correction in early 2023, as property transactions declined. Nevertheless, the index continued to grow in the following months. On the other hand, residential rents have increased steadily since 2000.

Mortgage Application in the United States increased by 1.10 percent in the week ending June 20 of 2025 over the previous week. This dataset provides - United States MBA Mortgage Applications - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mortgage originations in the United States plummeted in 2021 and 2022, after soaring to an all-time high in the previous two years. In the fourth quarter of 2024, the value of new mortgage originations amounted to 494 billion U.S. dollars, about 200 billion U.S. dollars higher than the dip in the first quarter of 2023. These fluctuations were mostly because of the development of mortgage interest rates and mortgage lending for home refinance: While interest rates were at a record low in 2020, many homebuyers used the opportunity to refinance their loan. After rates increased, refinancing declined dramatically. How have home sales developed? Over the past decade, the annual number of homes sold in the U.S. ranged between 4.7 million and 6.9 million, with the number of sales of existing homes far outweighing that of newly built homes sold. Housing transactions have generally declined since 2021 because of the less favorable credit conditions and worsening housing affordability. Cash purchases on the rise Although buying in cash is largely uncommon in the U.S., the number of houses bought with cash has increased since 2009. For those who can afford it, a cash purchase provides a number of benefits. Most importantly, cash buyers save from mortgage payments. Additionally, the closing time on these transactions time faster, which gives a competitive advantage in markets with a lot of competition.

Graph and download economic data for Large Bank Consumer Mortgage Originations: New Originations (RCMFLOORIG) from Q3 2012 to Q4 2024 about FR Y-14M, origination, large, mortgage, new, consumer, banks, depository institutions, and USA.

Average Mortgage Size in the United States increased to 379.21 Thousand USD in May 31 from 376.99 Thousand USD in the previous week. This dataset includes a chart with historical data for the United States Average Mortgage Size.

In the fourth quarter of 2024, the total value of mortgage originations for purchasing one-to-four family residential housing in the United States was approximately 304 billion U.S. dollars, which was a decrease from the same quarter the year before. This was over 60 percent of the total volume of mortgage lending in that quarter.

MBA Mortgage Market Index in the United States increased to 250.80 points in June 20 from 248.10 points in the previous week. This dataset includes a chart with historical data for the United States MBA Mortgage Market Index.

Graph and download economic data for Large Bank Consumer Mortgage Balances: Original Loan-to-Value (LTV): 50th Percentile (RCMFLBOLTVPCT50) from Q3 2012 to Q4 2024 about FR Y-14M, origination, large, percentile, balance, mortgage, loans, consumer, banks, depository institutions, and USA.

In the fourth quarter of 2024, the refinance mortgage originations of one-to-four family housing in the United States rose to approximately 190 billion U.S. dollars. This was substantially higher than the recent market dip to 46 billion U.S. dollars in the final quarter of 2021. Nevertheless, the increase was shy from the volumes observed during the 2020-2021 peak, when refinancing activity surged due to low mortgage interest rates. Refinance mortgage originations were less than 39 percent of total mortgage originations in the fourth quarter of 2023.

MBA Mortgage Refinance Index in the United States increased to 713.40 points in June 20 from 692.40 points in the previous week. This dataset includes a chart with historical data for the United States MBA Mortgage Refinance Index.

Graph and download economic data for Large Bank Consumer Mortgage Originations: Original Loan Size: 75th Percentile (RCMFLOORIGLOANSIZEPCT75) from Q3 2012 to Q4 2024 about FR Y-14M, origination, large, percentile, mortgage, loans, consumer, banks, depository institutions, and USA.

This table contains 80 series, with data starting from 1982 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada); Mortgages (4 items: Total, mortgage loans outstanding; Mortgages in Canada outstanding; Mortgage loans outside Canada outstanding; Allowance for credit losses); Increases and decreases (15 items: Total, increases and decreases; Gross increase; Cash disbursement of principal; Purchases of mortgages from; ...); Type of mortgage (7 items: Total, mortgages; Total, residential mortgages; Residential mortgages, insured; Residential mortgages, uninsured; ...).

Graph and download economic data for Large Bank Consumer Mortgage Originations: Original Loan Size: 50th Percentile (RCMFLOORIGLOANSIZEPCT50) from Q3 2012 to Q4 2024 about FR Y-14M, origination, large, percentile, mortgage, loans, consumer, banks, depository institutions, and USA.

With the digitalization trend picking pace across the world, the global e-Mortgage market is set to gain from this phenomenon and jump from a value of US$ 12.1 billion in 2024 to US$ 62.1 billion by 2034, expanding at a CAGR (compound annual growth rate) of 17.8% over the next ten years.

Report Attributes	Details
e-Mortgage Market Size (2024E)	US$ 12.1 Billion
Forecasted Market Value (2034F)	US$ 62.1 Billion
Global Market Growth Rate (2024 to 2034)	17.8% CAGR
Japan Market Growth Rate (2024 to 2034)	19.2% CAGR
East Asia Market Share (2034F)	26%
Market Share of Residential Sector (2034F)	62%
Key Companies Profiled	Cimmaron AmoCRM Encompass BNTouch Floify LLC HubSpot ICE Mortgage Technology, Inc. Maxwell Financial Labs, Inc. Keap Pipedrive Simple Nexus Zendesk Sell Unify Total Expert Whiteboard Velocity LoanEngage Podium MLO Shift TeamSupport Salesforce

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 1.8 Billion
Growth Rate (2024 to 2034)	17.5% CAGR
Projected Value (2034F)	US$ 8.9 Billion

Attribute	China
Market Value (2024E)	US$ 1.4 Billion
Growth Rate (2024 to 2034)	18.7% CAGR
Projected Value (2034F)	US$ 7.7 Billion

Category-wise Insights

Attribute	Residential
Segment Value (2024E)	US$ 7.8 Billion
Growth Rate (2024 to 2034)	17.2% CAGR
Projected Value (2034F)	US$ 38.5 Billion

30 Year Mortgage Rate in the United States decreased to 6.77 percent in June 26 from 6.81 percent in the previous week. This dataset includes a chart with historical data for the United States 30 Year Mortgage Rate.

The China Home Loan Market was valued at USD 680.56 Billion in 2024 and is expected to reach USD 971.78 Billion by 2030 with a CAGR of 6.12%.

Pages	84
Market Size	2024: USD 680.56 Billion
Forecast Market Size	2030: USD 971.78 Billion
CAGR	2025-2030: 6.12%
Fastest Growing Segment	Home Improvement
Largest Market	East
Key Players	1. ICBC Co., Ltd. 2. Bank of China 3. China Construction Bank Corporation 4. Agricultural Bank of China Limited 5. Hua Xia Bank Co. Limited 6. Industrial Bank Co., Ltd. 7. China Everbright Bank Co., Ltd. 8. Postal Savings Bank Of China (PSBC) 9. China CITIC Bank International Limited 10. China Merchants Bank Co., Ltd.

Following the drastic increase directly after the COVID-19 pandemic, the delinquency rate started to gradually decline, falling below *** percent in the second quarter of 2023. In the second half of 2023, the delinquency rate picked up, but remained stable throughout 2024. In the first quarter of 2025, **** percent of mortgage loans were delinquent. That was significantly lower than the **** percent during the onset of the COVID-19 pandemic in 2020 or the peak of *** percent during the subprime mortgage crisis of 2007-2010. What does the mortgage delinquency rate tell us? The mortgage delinquency rate is the share of the total number of mortgaged home loans in the U.S. where payment is overdue by 30 days or more. Many borrowers eventually manage to service their loan, though, as indicated by the markedly lower foreclosure rates. Total home mortgage debt in the U.S. stood at almost ** trillion U.S. dollars in 2024. Not all mortgage loans are made equal ‘Subprime’ loans, being targeted at high-risk borrowers and generally coupled with higher interest rates to compensate for the risk. These loans have far higher delinquency rates than conventional loans. Defaulting on such loans was one of the triggers for the 2007-2010 financial crisis, with subprime delinquency rates reaching almost ** percent around this time. These higher delinquency rates translate into higher foreclosure rates, which peaked at just under ** percent of all subprime mortgages in 2011.

Graph and download economic data for Large Bank Consumer Mortgage Originations: Original Loan Size: 90th Percentile (RCMFLOORIGLOANSIZEPCT90) from Q3 2012 to Q4 2024 about FR Y-14M, origination, large, percentile, mortgage, loans, consumer, banks, depository institutions, and USA.

A CAGR projection of 13% indicates the market will expand from USD 6,416 million in 2025 to USD 21,780 million in 2035.

Metric	Value
Industry Size (2025E)	USD 6,416 Million
Industry Value (2035F)	USD 21,780 Million
CAGR (2025 to 2035)	13%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
USA	13.2%

Country	CAGR (2025 to 2035)
UK	12.8%

Region	CAGR (2025 to 2035)
European Union	13.1%

Country	CAGR (2025 to 2035)
Japan	13.0%

Country	CAGR (2025 to 2035)
South Korea	13.0%

Competitive Outlook

Company Name	Estimated Market Share (%)
Ellie Mae (ICE Mortgage Technology)	18-22%
Fiserv, Inc.	15-19%
Black Knight, Inc.	12-16%
Finastra	8-12%
Temenos AG	5-9%
Other Companies (combined)	30-40%