New Tool Explores Trends in Home Mortgage Lending

The Home Mortgage Explorer is a data tool developed by the Federal Reserve Banks of Philadelphia and Cleveland. The tool draws from publicly available Home Mortgage Disclosure Act (HMDA) data and enables users to explore trends in mortgage lending between 2010 and 2015 for the United States as a whole, or by states and metropolitan and nonmetro areas. Trends can be examined by loan purpose (such as home purchase versus refinance) and loan type (such as conventional versus Federal Housing Administration). All measures are provided by applicant and neighborhood income.

Check out the related Home Mortgage Explorer infographic. The Home Mortgage Explorer is part of a suite of data tools available through the Philadelphia Fed's Community Development Data Dashboard, including the Consumer Credit Explorer and Rental Housing Affordability Data Tool.