Residential Mortgage Market
Market Size and Growth
Global Residential Mortgage Market reached US$ 11.2 billion in 2022 and is expected to reach US$ 26.5 billion by 2030, growing with a CAGR of 11.3% during the forecast period 2024-2031.
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Key Development:
United States: Recent Industry Developments
✅ In February 2026, the average long‐term U.S. mortgage rate dipped to around 6.09%, with 30‐year fixed and 15‐year rates edging lower, modestly improving affordability for buyers even as high prices and tight inventory persist in the housing market.
✅ In January 2026, U.S. household credit data showed mortgage delinquencies rising modestly, with serious delinquencies up in lower‐income areas though still near historical norms, underlining stress in parts of the housing finance sector heading into 2026.
✅ In January 2026, President Trump directed federal housing agencies to buy $200 billion in mortgage‐backed securities, a policy aimed at reducing mortgage rates and supporting existing home sales amidst sluggish market conditions.
✅ In January 2026, U.S. homebuilder sentiment weakened amid affordability constraints, reflecting challenges for new residential construction and mortgage‐linked demand as buyers face high borrowing costs and limited supply.
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Japan: Recent Industry Developments
✅ In November 2025, 日本住宅ローン株式会社 transitioned to a holding company structure as 日本住宅ローングループ, positioning the business for broader mortgage product innovation and additional financial services beyond traditional home loans.
✅ In February 2026, Japan’s variable and fixed housing loan interest rate rankings were updated, highlighting competitive pricing and market shifts as lenders adjust to changing monetary policy and borrower demand.
✅ In January 2026, reports showed Japanese mortgage interest trends with both variable and fixed rates rising, as prospects of further policy rate adjustments led financial institutions to consider rate increases for loan products.
✅ In December 2025, mortgage tax reform proposals indicated future changes to Japan’s housing loan tax incentives, including potential new requirements tied to property risk zones starting in 2028 a key development for borrowers planning long‐term financing.
Key Players:
=> Wells Fargo Home Mortgage, Rocket Mortgage, JP Morgan Chase, Bank of America Home Loans, U.S. Bank Home Mortgage, CitiMortgage, PNC Mortgage, SunTrust Mortgage, Freedom Mortgage and PennyMac Loan Services.
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Key Segments:
By Type
Fixed-Rate Mortgage (FRM) dominates with 35% share, supported by predictable repayment schedules, low-risk appeal to homeowners, and strong adoption in stable housing markets.
Adjustable-Rate Mortgage (ARM) accounts for 22%, driven by lower initial interest rates and increasing popularity in markets with fluctuating rates.
FHA Loan represents 12%, reflecting government-backed initiatives to support first-time homebuyers.
VA Loan holds 8%, supported by benefits to military personnel and veterans.
Jumbo Loan contributes 7%, driven by high-value property purchases and premium housing markets.
Conventional Loan accounts for 16%, reflecting broad accessibility and steady demand across retail banking segments.
By Provider
Banks lead with 48% share, benefiting from established customer bases, trust, and wide distribution networks.
Credit Unions hold 12%, fueled by personalized services and member-focused benefits.
Online Lenders account for 10%, supported by digital convenience and faster processing times.
Non-Bank Lenders represent 8%, offering flexible terms and alternative financing options.
Mortgage Companies contribute 9%, driven by specialized services and niche market targeting.
Savings and Loan Associations hold 7%, reflecting traditional presence in housing finance.
Government Agencies account for 6%, focused on promoting affordable housing and subsidized loans.
By Region
North America – 42% Share
North America leads due to a mature mortgage ecosystem, strong housing demand, and regulatory frameworks supporting diverse mortgage products.
U.S. – Dominates with 31%, driven by fixed-rate mortgage preference and large-scale bank financing.
Canada – Accounts for 7%, supported by government-backed programs and steady housing demand.
Mexico – Represents 4%, with growing mortgage adoption and rising urbanization.
Europe – 28% Share
Europe’s mortgage market is supported by diverse lending products, strong banking networks, and low interest rate environments.
Germany – 7% share, with high FRM adoption and bank dominance.
UK – 6%, driven by both FRM and ARM products.
France – 4%, reflecting government incentives and conventional loan usage.
Italy – 3%, growing demand in urban and commercial housing.
Russia – 4%, increasing adoption of mortgages with rising homeownership programs.
Rest of Europe – 4%, supported by expanding banking infrastructure and home financing initiatives.
South America – 12% Share
South America’s market growth is driven by increasing urbanization and improving mortgage penetration.
Brazil – 6%, led by bank-provided FRM and conventional loans.
Argentina – 3%, with rising adoption of online lenders and alternative mortgage products.
Rest of South America – 3%, gradual expansion of mortgage availability.
Asia-Pacific – 15% Share
Asia-Pacific is witnessing growth due to rising property markets and government housing initiatives.
China – 5%, driven by large-scale urban housing projects and FRM preference.
India – 4%, supported by government-backed schemes and increasing homeownership.
Japan – 2%, stable mortgage demand with focus on conventional loans.
Australia – 3%, adoption of FRM and ARM products across residential buyers.
Rest of Asia-Pacific – 1%, emerging adoption of housing finance solutions.
Middle East and Africa – 3% Share
Market growth is modest but improving due to increasing urbanization, housing finance programs, and expansion of banking services.
FAQ
What is the current size of the Residential Mortgage Market?
A: In 2022, the Residential Mortgage Market was valued at US$ 11.2 billion, reflecting its strong industry presence.
Q2: How large is the Residential Mortgage Market expected to be by 2030?
A: By 2031, industry forecasts suggest the Residential Mortgage Market will grow to around US$ 26.5 billion , demonstrating significant expansion.
Q3: What is the growth rate of the Residential Mortgage Market?
A: The market is projected to expand at a compound annual growth rate (CAGR) of 11.3% during the forecast period from 2024 to 2031.
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