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MARKET BENCHMARKS · HMDA PUBLIC DATA

Massachusetts mortgage market benchmarks

Massachusetts origination trends 2018–2025 from HMDA public data: volume, denial rates, and purchase vs refinance mix. Free and open — no account required.

Originations 2025

135,614

+13.5% vs 2024

2024: 119,508

Volume 2025

$64.28B

originated $
2024: $51.56B

Denial rate 2025

16.2%

denied / actioned
2024: 18.3% denied / actioned

Reporting lenders 2025

810

HMDA reporters
2024: 759 reporters

Origination volume by year

Dollar volume of originated loans

$ VOLUME · HOVER FOR UNITS
$0$50B$100B$150B$200B20182019202020212022202320242025$64.28B

Loan purpose mix

Share of 2025 originations

Denial rate by year

Denials / actioned applications (CFPB convention)

0.0%10.9%21.7%2018201920202021202220232024202516.2%

Massachusetts market by year

YEARLENDERSAPPLICATIONSORIGINATIONSVOLUMEDENIALPURCHASEREFI
2025810218,692135,614$64.28B2025 origination volume135,614 loans originated16.2%2025 denial rate218,692 applications actioned46.3%43.9%
2024759195,764119,508$51.56B2024 origination volume119,508 loans originated18.3%2024 denial rate195,764 applications actioned50.7%35.7%
2023776182,807111,562$44.88B2023 origination volume111,562 loans originated18.5%2023 denial rate182,807 applications actioned52.3%30.1%
2022852278,130176,895$77.33B2022 origination volume176,895 loans originated15.7%2022 denial rate278,130 applications actioned44.9%49.8%
2021802500,117345,568$139.16B2021 origination volume345,568 loans originated11.1%2021 denial rate500,117 applications actioned28.2%86.0%
2020820499,371341,750$130.47B2020 origination volume341,750 loans originated10.8%2020 denial rate499,371 applications actioned26.3%84.6%
2019799329,705217,976$80.16B2019 origination volume217,976 loans originated15.7%2019 denial rate329,705 applications actioned40.2%64.2%
2018769278,335177,601$59.78B2018 origination volume177,601 loans originated18.9%2018 denial rate278,335 applications actioned49.4%48.9%

Attribution & methodology. Benchmarks are computed by MortRadar from Home Mortgage Disclosure Act (HMDA) public data files published by the Consumer Financial Protection Bureau (CFPB) and the Federal Financial Institutions Examination Council (FFIEC), covering activity years 2018–2025. Originations = loans originated (action taken 1); denial rate = denials / actioned applications (CFPB Data Browser convention); loan amounts are the public files' midpoint-rounded values. MortRadar's aggregations are derived works and are not published, reviewed, or endorsed by the CFPB, FFIEC, or any government agency. See data attribution and the disclaimer.

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