FHFA Expands Statistical Products From The National Mortgage Database

The Federal Housing Finance Agency revamped its National Mortgage Database with new, expanded statistical products for the first time since 2018. 

With the revamp, the FHFA added national statistics for new residential mortgage originations to include monthly, quarterly and annual series for home purchase and refinance mortgages in all major market segments, according to a press release.

Additionally, users will find a new series of national and state-level statistics for outstanding residential mortgages and an expanded series of national mortgage performance statistics for different market segments. 

“These enhancements to the National Mortgage Database will help users better understand emerging mortgage and housing market trends,” said Dr. Lynn Fisher, FHFA's deputy director of Research and Statistics. “Today's updates reflect FHFA's commitment to data transparency and accessibility, ensuring that accurate, comprehensive information is readily available for monitoring the mortgage market.”

According to the new information, overall purchase mortgage originations increased 8% from the third quarter of 2019 to the third quarter of 2020. During the same interval, first-time homebuyer purchase originations increased 10.5% compared to a 5.6% increase for repeat homebuyers. In contrast, refinance originations more than doubled in the same interval as the average contract rate dropped from 4.1% to 3.3%.

Read more about the FHFA's expanded statistical products from the National Mortgage Database.