"The total dollar volume of originations reached $600.4 billion, a 3.1% decline from the figure of $619.7 billion in Q2 2025 but up 3.1% compared to Q3 2024. Purchase lending fell on both a quarterly and yearly basis, while refinance and home equity lending posted modest gains during both periods. Mortgage activity eased back a touch from the spring pickup, but it's still running slightly ahead of last year, said Rob Barber, CEO of ATTOM."
"Mortgage activity increased quarter over quarter in 98 of the 209 metro areas analyzed. Among metros with populations of at least 1 million, the biggest gains were in Buffalo, New York (up 17.3%); Cleveland (up 12%); New York City (up 10.2%); Philadelphia (up 8.1%); and Portland, Oregon (up 7.5%). Purchase loan originations, meanwhile, fell to 765,667 in Q3, a drop of 4.8% from Q2 and 6.6% from Q3 2024."
The total dollar volume of originations reached $600.4 billion in Q3, down 3.1% from Q2 2025 but up 3.1% year-over-year. Purchase lending declined both quarterly and annually, with purchase loan originations falling to 765,667 (down 4.8% quarter-over-quarter and 6.6% year-over-year) and purchase dollar volume at $309.6 billion (down 5.2% quarterly and 3.3% annually). Refinance originations edged up to 688,502 (up 0.2% quarterly and 12% annually) and refi volume rose 12.5% annually to $229.7 billion. HELOC originations increased to 319,318 and HELOC dollar volume rose to $61.1 billion. Mortgage activity rose quarter-over-quarter in 98 of 209 metros, with the largest gains in Buffalo, Cleveland, New York City, Philadelphia, and Portland. Overall activity suggests a market treading water rather than improving markedly.
Read at www.housingwire.com
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