Mortgage Originations in the United States increased to 458.28 Billion USD in the second quarter of 2025 from 425.63 Billion USD in the first quarter of 2025. This dataset includes a chart with historical data for the United States Mortgage Originations.

In 2024, United Wholesale Mortgage had the most mortgage loan originations, making it the most active lender that year, with approximately *** million mortgages originated. Besides by number of originations, United Wholesale Mortgage led by origination volume. Rocket Mortgage came second in the ranking with about *** million mortgages.

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.

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.

Graph and download economic data for Large Bank Consumer Mortgage Originations: Number of New Accounts (RCMFLOACT) from Q3 2012 to Q1 2025 about accounts, origination, FR Y-14M, large, mortgage, new, consumer, banks, depository institutions, and USA.

Graph and download economic data for Large Bank Consumer Mortgage Originations: New Originations (RCMFLOORIG) from Q3 2012 to Q1 2025 about origination, FR Y-14M, large, mortgage, new, consumer, banks, depository institutions, and USA.

Out of the ** million mortgage applications in the United States in 2021, roughly ** million resulted in mortgage originations. That included applications for home purchase, home improvement, refinancing, cash out refinancing, and other purposes. White applicants accounted for approximately ** million loan originations worth almost *** trillion U.S. dollars, while for Black and African American applicants, this figure stood at roughly ******* originations and *** billion U.S. dollars, respectively. The the number of mortgages originated to Asian applicants was slightly higher at *******.

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.

Mortgage Application in the United States decreased by 0.50 percent in the week ending August 22 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.

Graph and download economic data for Large Bank Consumer Mortgage Originations: Original Loan-to-Value (LTV): 50th Percentile (RCMFLOLTVPCT50) from Q3 2012 to Q1 2025 about FR Y-14M, origination, large, percentile, 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.

Online mortgage brokers have experienced significant growth in popularity in the last five years, offering innovative tools, products and services to help borrowers find the right mortgage for their needs and make informed financial decisions. They have adapted to changing market conditions with more flexible underwriting criteria, streamlined refinancing processes and customized services. Online mortgage brokers are expected to grow in popularity and offerings as they expand their services to more markets and demographics. Revenue is set to increase at a CAGR of 8.1% through the end of 2024 to $897.7 million, including an estimated 2.1% growth in 2024 alone, when profit will drop to an estimated 14.8%. Consumers are increasingly turning to online mortgage brokers for residential mortgages, refinancing and home equity lines of credit loans. These online brokers offer more innovative tools, such as refinancing calculators and more streamlined processes, such as digital document upload and e-signature capabilities. In the next five years, the online mortgage broker industry is expected to continue to grow and expand its offerings to meet the changing needs of borrowers. Revenue is forecast to grow at a CAGR of 1.5% through the end of 2020 to total $966.9 million. We can expect to see a continued focus on offering customized services and tools. With the adoption of new technologies, we can also expect to see more automation of the mortgage application process, making it faster and easier for borrowers to get the financing they need. Innovation in products and services, such as more specialized loan products and improved digital experiences for borrowers, will sustain growth.

US loan brokers encountered revenue declines over the past five years as high interest rates increased borrowing costs and hindered demand for loans and a weakened residential market hindered demand for mortgages. The significant rise in the 30-year conventional mortgage rate over the past five years slowed housing starts and existing home sales as borrowing costs increased and loan demand fell. However, interest rate cuts in the latter part of the period will reduce borrowing costs and increase demand for loans, helping to limit revenue losses for the industry. Interest rate cuts are expected to be cut further in 2025. In addition, loan brokers will continue to contend with educated consumers attracted to the easy lending processes popularized by online lenders. Also, access to credit has climbed during the current period, which has limited revenue declines as consumers were able to increasingly borrow during the high interest rate environment. Overall, industry revenue declined at a CAGR of 4.1% to $16.6 billion over the five years to 2025. Industry revenue is also anticipated to decline 0.6% in 2025 alone, with profit falling to 10.2% of revenue in the same year. Loan originations for new homes and remodeling declined due to the persistent high interest rate environment. High interest rates discouraged consumers from taking on new loans amid the skeptical economic outlook. Since loan brokers generate revenue through commission or on a fee basis, the decrease in loan originations contributed to falling revenue generation and profit, measured as earnings before interest and taxes. Profit has been under pressure as industry wages have begun to outpace revenue growth. As this trend continues into the outlook period, profit will be constrained. Over the next five years, revenue for loan brokers is set to grow at a CAGR of 0.7% to $17.2 billion over the five years to 2030. Rekindling consumer confidence and greater access to credit will be the predominant drivers of industry growth over the coming years. In addition, the growth rate will climb as the Federal Reserve is anticipated to make further rate cuts at the onset of the outlook period. Demand for new loans will be strong, with the lending market being accommodating by historical standards.

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

MBA Mortgage Market Index in the United States decreased to 275.80 points in August 22 from 277.10 points in the previous week. This dataset includes a chart with historical data for the United States MBA Mortgage Market Index.

Average Mortgage Size in the United States decreased to 372.75 Thousand USD in July from 376.08 Thousand USD in June of 2025. This dataset includes a chart with historical data for the United States Average Mortgage Size.

Fixed 30-year mortgage rates in the United States averaged 6.69 percent in the week ending August 22 of 2025. This dataset provides the latest reported value for - United States MBA 30-Yr Mortgage Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for 5/1-Year Adjustable Rate Mortgage Average in the United States (DISCONTINUED) (MORTGAGE5US) from 2005-01-06 to 2022-11-10 about adjusted, mortgage, 5-year, interest rate, interest, rate, and USA.

Graph and download economic data for Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks (DRSFRMACBS) from Q1 1991 to Q2 2025 about domestic offices, delinquencies, 1-unit structures, mortgage, family, residential, commercial, domestic, banks, depository institutions, rate, and USA.

Type of Mortgage Loan:Conventional Mortgage Loans: Backed by private investors and typically require a down payment of 20% or more.Jumbo Loans: Loans that exceed the conforming loan limits set by Fannie Mae and Freddie Mac.Government-insured Mortgage Loans: Backed by the Federal Housing Administration (FHA), Department of Veterans Affairs (VA), or U.S. Department of Agriculture (USDA).Others: Includes non-QM loans, reverse mortgages, and shared equity programs.Mortgage Loan Terms:30-year Mortgage: The most common term, offering low monthly payments but higher overall interest costs.20-year Mortgage: Offers a shorter repayment period and lower long-term interest costs.15-year Mortgage: The shortest term, providing lower interest rates and faster equity accumulation.Others: Includes adjustable-rate mortgages (ARMs) and balloons loans.Interest Rate:Fixed-rate Mortgage Loan: Offers a stable interest rate over the life of the loan.Adjustable-rate Mortgage Loan (ARM): Offers an initial interest rate that may vary after a certain period, potentially leading to higher or lower monthly payments.Provider:Primary Mortgage Lender: Originates and services mortgages directly to borrowers.Secondary Mortgage Lender: Purchases mortgages from originators and packages them into securities for sale to investors. Key drivers for this market are: Digital platforms and AI-driven credit assessments have simplified the application process, improving accessibility and borrower experience. Potential restraints include: Fluctuations in interest rates significantly impact borrowing costs, affecting loan demand and affordability. Notable trends are: The adoption of online portals and mobile apps is transforming the mortgage process with faster approvals and greater transparency.