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MARKET BENCHMARKS · HMDA PUBLIC DATA

Washington mortgage market benchmarks

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

Originations 2025

175,441

+14.5% vs 2024

2024: 153,279

Volume 2025

$81.03B

originated $
2024: $67.51B

Denial rate 2025

15.7%

denied / actioned
2024: 17.2% denied / actioned

Reporting lenders 2025

836

HMDA reporters
2024: 823 reporters

Origination volume by year

Dollar volume of originated loans

$ VOLUME · HOVER FOR UNITS
$0$50B$100B$150B$200B20182019202020212022202320242025$81.03B

Loan purpose mix

Share of 2025 originations

Denial rate by year

Denials / actioned applications (CFPB convention)

0.0%10.4%20.8%2018201920202021202220232024202515.7%

Washington market by year

YEARLENDERSAPPLICATIONSORIGINATIONSVOLUMEDENIALPURCHASEREFI
2025836290,256175,441$81.03B2025 origination volume175,441 loans originated15.7%2025 denial rate290,256 applications actioned49.0%44.2%
2024823254,998153,279$67.51B2024 origination volume153,279 loans originated17.2%2024 denial rate254,998 applications actioned54.5%34.8%
2023845230,732136,939$56.77B2023 origination volume136,939 loans originated18.0%2023 denial rate230,732 applications actioned57.5%26.7%
2022893384,508236,475$101.58B2022 origination volume236,475 loans originated15.4%2022 denial rate384,508 applications actioned46.2%50.0%
2021910719,682489,060$191.84B2021 origination volume489,060 loans originated10.0%2021 denial rate719,682 applications actioned30.3%85.7%
2020902754,284506,549$182.80B2020 origination volume506,549 loans originated10.0%2020 denial rate754,284 applications actioned26.7%85.8%
2019834475,203308,204$108.83B2019 origination volume308,204 loans originated13.3%2019 denial rate475,203 applications actioned41.2%65.9%
2018821395,077246,154$77.04B2018 origination volume246,154 loans originated16.3%2018 denial rate395,077 applications actioned50.7%50.6%

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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