Mortgage Origination Volume
Tracking improving relative to recent baseline.
What is the current Mortgage Origination Volume?
Mortgage origination volume was $524.4 billion in Q4 2024, according to the NY Fed Quarterly Report on Household Debt and Credit. Origination volume reflects both demand for housing and banks' willingness to lend — declines signal tightening credit conditions. Source: NY Fed Consumer Credit Panel / Equifax.
Mortgage Origination Volume at $524.4B
Tracking improving relative to recent baseline.
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How has Mortgage Origination Volume changed over time?
| Period | Value | YoY Change |
|---|---|---|
| Q4 2025 | $524.4B | +$59.1B |
| Q3 2025 | $512.2B | +$63.8B |
| Q2 2025 | $458.3B | +$84.2B |
| Q1 2025 | $425.6B | +$23.0B |
| Q4 2024 | $465.3B | +$71.6B |
| Q3 2024 | $448.3B | +$61.9B |
| Q2 2024 | $374.1B | −$19.3B |
| Q1 2024 | $402.7B | +$79.1B |
| Q4 2023 | $393.8B | −$103.8B |
| Q3 2023 | $386.4B | −$246.1B |
| Q2 2023 | $393.4B | −$364.8B |
| Q1 2023 | $323.5B | −$535.4B |
Frequently Asked Questions
What is current mortgage origination volume?
U.S. mortgage originations totaled $524.4 billion in Q4 2024. This includes new purchases, refinances, and home equity originations.
Why does mortgage origination volume matter?
Falling origination volume signals tightening credit conditions and reduced housing demand. The American Distress Index tracks it as a financial conditions indicator.
Where does this data come from?
This data comes from the NY Fed Consumer Credit Panel, published quarterly as part of the Quarterly Report on Household Debt and Credit.
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