Lending activity should increase broadly this year despite high interest rates and other headwinds, according to TransUnion.

Although high home and auto prices, as well as tighter underwriting, will moderate the levels of lending, overall originations will increase, the company said in a forecast released on Thursday.

“We still believe that many consumer credit products will have higher originations in 2025,” said Jason Laky, TransUnion’s head of financial services in a release.

“This will range from modest growth in auto and unsecured personal loans to more significant increases in mortgages,” he said.

Mortgage loan counts are expected to increase to 5.7 million, up 23% from 2024 levels, according to TransUnion. That prediction is in line with other forecasts, including guidance given by the Mortgage Bankers Association.

The credit reporting agency is also expecting 2.7% growth in auto lending and a 5.7% gain in originations of unsecured personal loans.