Purchase, Home Equity Lending Weakness Hurt Q3 Originations

Purchase, Home Equity Lending Weakness Hurt Q3 Originations

Mortgage originations fell by 3% in Q3 2023, reversing a spike in Q2 and marking the ninth decline in ten quarters, according to new data from ATTOM. Purchase and home equity lending (both -7%) induced the drop as interest rates stuck above 7% over the summer.  These declines wiped out gains in refinances, which were…

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