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.
Total mortgage originations for home refinancing in the United States from 1st quarter 2000 to 4th quarter 2024
(in billion U.S. dollars)
Covers one- to four-family residential non farm mortgage
loans. Mortgage origination is the making of a new mortgage, including all steps taken by a lender to attract and qualify a borrower, process the mortgage loan, and place it on the lender’s books. Based on the national Delinquency Survey which covers 45 million loans on one- to four unit properties, representing between 80 to 85 percent of all 'first lien' residential mortgage loan outstanding. Loans surveyed were reported by approximately 120 lenders, including mortgage bankers, commercial banks and thrifts.
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Mortgage Bankers Association. (April 28, 2025). Total mortgage originations for home refinancing in the United States from 1st quarter 2000 to 4th quarter 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 08, 2025, from https://www.statista.com/statistics/205946/us-refinance-mortage-originations-since-1990/
Mortgage Bankers Association. "Total mortgage originations for home refinancing in the United States from 1st quarter 2000 to 4th quarter 2024 (in billion U.S. dollars)." Chart. April 28, 2025. Statista. Accessed June 08, 2025. https://www.statista.com/statistics/205946/us-refinance-mortage-originations-since-1990/
Mortgage Bankers Association. (2025). Total mortgage originations for home refinancing in the United States from 1st quarter 2000 to 4th quarter 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 08, 2025. https://www.statista.com/statistics/205946/us-refinance-mortage-originations-since-1990/
Mortgage Bankers Association. "Total Mortgage Originations for Home Refinancing in The United States from 1st Quarter 2000 to 4th Quarter 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 28 Apr 2025, https://www.statista.com/statistics/205946/us-refinance-mortage-originations-since-1990/
Mortgage Bankers Association, Total mortgage originations for home refinancing in the United States from 1st quarter 2000 to 4th quarter 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/205946/us-refinance-mortage-originations-since-1990/ (last visited June 08, 2025)
Total mortgage originations for home refinancing in the United States from 1st quarter 2000 to 4th quarter 2024 (in billion U.S. dollars) [Graph], Mortgage Bankers Association, April 28, 2025. [Online]. Available: https://www.statista.com/statistics/205946/us-refinance-mortage-originations-since-1990/
