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  • Metro East REIA

Mortgage Originations Experience Biggest Annual Drop in 21 years

ATTOM Data says mortgage originations are experiencing their biggest annual drop in 21 years. The data comes from their third-quarter 2022 U.S. Residential Property Mortgage Origination Report, which shows that 1.97 million mortgages secured by residential property (1 to 4 units) were originated in Q3 2022 in the U.S. That figure was down 19% from Q2 2022 (the 6th quarterly decrease in a row)and down 47% from the Q3 2021 – the biggest annual drop in 21 years. Continue reading HERE...

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