In the third quarter of 2023, the refinance mortgage originations of one-to-four family housing in the United States plummeted to approximately 81 billion U.S. dollars. This was substantially lower than the market peak of 933 billion U.S. dollars in the final quarter of 2020. Refinance mortgage originations were less than 20 percent of total mortgage originations in the third quarter of 2023.
Total mortgage originations for home refinancing in the United States from 1st quarter 2000 to 3rd quarter 2023
(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. (March 15, 2024). Total mortgage originations for home refinancing in the United States from 1st quarter 2000 to 3rd quarter 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, 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 3rd quarter 2023 (in billion U.S. dollars)." Chart. March 15, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/205946/us-refinance-mortage-originations-since-1990/
Mortgage Bankers Association. (2024). Total mortgage originations for home refinancing in the United States from 1st quarter 2000 to 3rd quarter 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. 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 3rd Quarter 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Mar 2024, 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 3rd quarter 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/205946/us-refinance-mortage-originations-since-1990/ (last visited December 21, 2024)
Total mortgage originations for home refinancing in the United States from 1st quarter 2000 to 3rd quarter 2023 (in billion U.S. dollars) [Graph], Mortgage Bankers Association, March 15, 2024. [Online]. Available: https://www.statista.com/statistics/205946/us-refinance-mortage-originations-since-1990/
