More bad mortgage news: Originations fall to 4-year low due to rising interest rates

The signs were all there. It was clear that mortgage originations were trending down as interest rates rose, but it’s still striking to see the results in black and white. According to newly released data, mortgage originations plummeted to a four-year low during the second quarter, driven by a sharp decline in refinances due to increasing interest rates.

The contents of this article inc any associated images are property of Housing Wire 2019 ©

Trending Auction News