Tagged: purchase loans

As mortgage rates tick down, refinances tick up

Residential loans increased 23% quarterly, but total residential lending activity is down 1.6% from Q2 2023 and down 61.2% from 2021's peak.

Early-stage origination data show homebuying continues to stagnate, even as prices fall.

ATTOM reports dollar volume in Q1 2024 was less than one-third of 2021's quarterly high.

High interest rates are compressing usage by 55% or $54B.

Black Knight says locks remain suppressed by high rates, lack of inventory.

Total residential loans drops nearly 20% as just 1.25m loans were originated.

Refinance mortgage originations hit low point this century.