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Mortgage Lending Tumbled To Nine-Year Low After Inflation Fueled Soaring Rates

Por: Forbes Business March 02, 2023

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Mortgage lending fell to a nine-year low in the fourth quarter.getty The number of residential mortgages originated in the fourth quarter tumbled to a nine-year low as inflation drove home-loan rates above 7%, according to a report on Thursday from ATTOM. Americans signed 1.5 million mortgages in the closing three months of 2022, including purchase loans and refinancings, down 55% from a year earlier, as interest rates more than doubled, the... + full article



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