Mortgage Lending Down

  • Updates on Mortgage Lending Numbers: Market Hits New 17-Year Low

    …, the total amount lent by mortgage originators stood at $226 billion, down substantially from 2013’s first-quarter totals. What’s behind this lending slump? Rising interest rates are certainly a factor. The average interest rate for a 30-year FRM is currently around 4.18%, a substantial uptick from rates this time last year, which hovered in the mid…

    Matty Byloos/ RGR Marketing- 4 readers -
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