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Federal Reserve
BULLETIN
Accessible Versions of Figures
| Year | Home Purchase | Refinance |
|---|---|---|
| 1993 | 2.87 | 5.56 |
| 1994 | 3.17 | 2.21 |
| 1995 | 3.11 | 1.43 |
| 1996 | 3.48 | 2.33 |
| 1997 | 3.59 | 2.53 |
| 1998 | 4.20 | 6.30 |
| 1999 | 4.45 | 4.04 |
| 2000 | 4.37 | 2.23 |
| 2001 | 4.48 | 7.36 |
| 2002 | 4.56 | 9.59 |
| 2003 | 4.92 | 14.10 |
| 2004 | 4.78 | 6.49 |
| 2005 | 4.96 | 5.76 |
| 2006 | 4.42 | 4.46 |
| 2007 | 3.45 | 3.65 |
| 2008 | 2.62 | 2.93 |
| 2009 | 2.45 | 5.30 |
| 2010 | 2.21 | 4.51 |
| 2011 | 2.07 | 3.85 |
| 2012 | 2.34 | 5.93 |
| 2013 | 2.68 | 4.38 |
Note: Mortgage originations for one- to four-family owner-occupied properties, with junior-lien loans excluded in 2004 and later.
| State | Home-purchase loan growth | Refinance loan growth | House price growth |
|---|---|---|---|
| Mont. | 31.26 | -16.84 | 6.11 |
| Idaho | 21.58 | -21.48 | -3.23 |
| Ill. | 21.25 | -32.79 | -1.12 |
| S.C. | 21.15 | -15.83 | -0.81 |
| Mich. | 21.04 | -16.47 | 9.77 |
| N.C. | 21.03 | -22.78 | 0.79 |
| Colo. | 19.86 | -25.21 | 6.60 |
| Ohio | 19.66 | -20.59 | 0.48 |
| Wash. | 19.58 | -27.70 | 3.69 |
| Ore. | 19.34 | -23.16 | 4.08 |
| Fla. | 18.84 | -9.86 | 5.40 |
| Minn. | 18.73 | -30.61 | 6.56 |
| Tex. | 17.62 | -10.98 | 0.67 |
| Wis. | 17.18 | -39.01 | 2.79 |
| N.J. | 17.08 | -28.67 | -2.85 |
| Maine | 16.68 | -21.69 | 0.00 |
| R.I. | 16.10 | -25.91 | -0.99 |
| Tenn. | 15.46 | -16.54 | 0.87 |
| Mo. | 14.21 | -25.42 | -1.13 |
| Ky. | 13.99 | -24.35 | 3.52 |
| Va. | 13.74 | -23.49 | 0.10 |
| Ind. | 13.42 | -25.57 | 3.41 |
| Alaska | 13.20 | -34.64 | 5.45 |
| N.Y. | 12.90 | -27.58 | -0.93 |
| S.D. | 12.76 | -19.42 | -4.01 |
| Vt. | 12.29 | -33.14 | -0.71 |
| Neb. | 12.10 | -31.46 | 2.07 |
| Ga. | 11.93 | -15.60 | 0.08 |
| N.H. | 11.86 | -26.25 | 0.77 |
| Kans. | 11.86 | -20.59 | 2.39 |
| Hawaii | 11.82 | -25.10 | 5.26 |
| Md. | 11.79 | -25.94 | 1.17 |
| Conn. | 11.74 | -32.59 | -1.36 |
| Iowa | 11.72 | -27.42 | 3.51 |
| W.V. | 11.57 | -7.20 | 0.00 |
| Ark. | 11.08 | -19.96 | 2.42 |
| D.C. | 10.71 | -18.23 | 8.00 |
| Miss. | 10.67 | -13.04 | 3.92 |
| Wyo. | 10.53 | -12.22 | 0.00 |
| Ala. | 10.49 | -21.90 | 2.50 |
| Mass. | 10.24 | -18.03 | 2.13 |
| Del. | 10.22 | -17.60 | -1.07 |
| La. | 10.17 | -39.43 | 2.50 |
| Pa. | 9.10 | -22.35 | -0.20 |
| N.M. | 8.83 | -15.18 | -0.42 |
| Okla. | 8.58 | -21.47 | 7.63 |
| Ariz. | 7.94 | -18.43 | 15.28 |
| N.D. | 6.96 | -24.15 | 15.47 |
| Utah | 6.56 | -34.13 | 1.26 |
| Calif. | 2.73 | -23.96 | 7.85 |
| Nev. | 2.11 | -10.41 | 8.55 |
Note: First-lien mortgage originations for one- to four-family properties. House price growth is measured as the rate of change in the Zillow Home Value Index for single-family residences from December 2011 to December 2012; house price growth data not available for Maine and Wyoming.
Source: FFIEC HMDA data; Zillow.
| Year | Conventional | FHA | VA | FSA/RHS |
|---|---|---|---|---|
| 1993 | 72.86 | 19.16 | 7.84 | 0.14 |
| 1994 | 77.49 | 15.74 | 6.56 | 0.21 |
| 1995 | 76.57 | 16.65 | 6.47 | 0.31 |
| 1996 | 75.44 | 18.21 | 5.90 | 0.46 |
| 1997 | 74.84 | 19.26 | 5.38 | 0.53 |
| 1998 | 76.97 | 17.32 | 5.11 | 0.60 |
| 1999 | 76.55 | 18.61 | 4.35 | 0.49 |
| 2000 | 77.98 | 17.90 | 3.76 | 0.36 |
| 2001 | 77.61 | 18.25 | 3.71 | 0.43 |
| 2002 | 80.94 | 15.37 | 3.28 | 0.41 |
| 2003 | 84.53 | 12.11 | 2.88 | 0.48 |
| 2004 | 87.95 | 9.05 | 2.55 | 0.45 |
| 2005 | 91.17 | 6.15 | 2.28 | 0.40 |
| 2006 | 90.60 | 6.35 | 2.60 | 0.44 |
| 2007 | 87.77 | 8.22 | 3.20 | 0.82 |
| 2008 | 62.76 | 29.49 | 5.60 | 2.15 |
| 2009 | 46.13 | 41.58 | 7.50 | 4.79 |
| 2010 | 47.33 | 40.85 | 7.97 | 3.85 |
| 2011 | 50.12 | 35.44 | 9.05 | 5.39 |
| 2012 | 55.28 | 30.50 | 8.88 | 5.34 |
| 2013 | 62.43 | 23.65 | 9.09 | 4.83 |
Note: Home-purchase mortgage originations for one- to four-family owner-occupied properties, with junior-lien loans excluded in 2004 and later. Nonconventional loans are those insured by the Federal Housing Administration (FHA) or backed by guarantees from the U.S. Department of Veterans Affairs (VA), the Farm Service Agency (FSA), or the Rural Housing Service (RHS).
