In 2021, the overall mortgage originations were 2.43% higher than 2020, beating many of the industry predictions for a smaller market.
![](https://static.tildacdn.com/tild3266-3361-4264-b563-386264393131/2021_HMDA_Market.jpg)
We also saw a solid increase in purchase mortgage originations. The purchase mortgage loan production in 2021 was 8.65% year-over-year. Cash-out refinance saw the biggest year-over-year increase of over 37%, as shown in the figure below.
![](https://static.tildacdn.com/tild3136-3935-4935-b530-663230636539/2021_Loan_Purpose_Ch.jpg)
Schedule 15-minutes with us to talk about the market - what happened and where are we going.