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Mortgage originations rise to three-year high in Q4 behind refi surge

Mortgage origination activity rose sharply in the fourth quarter as a jump in refinancing activity pushed lending to its highest level in more than three years, according to ICE Mortgage Technology‘s March 2026 Mortgage Monitor Report.

The company’s report found that mortgage originations reached an estimated 1.44 million in Q4 2025, the largest quarterly total since Q3 2022. The increase was driven largely by refinancing, which accounted for nearly 40% of lending during the period.

“The fourth quarter marked a meaningful inflection point for mortgage market activity,” said Andy Walden, head of mortgage and housing market research at ICE. details ⇒

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