Housing Market
Mortgage Lending Activity Falls to 20-Year Low in Q1
BAM Key Details:
ATTOM released its U.S. Residential Property Mortgage Origination Report for Q1 2023, showing a 19% quarterly drop in the total number of residential loans—to its lowest point since 2000.
Both refinance and purchase mortgage originations fell nearly 20% from the previous quarter, with refis down 85% year over year.
Home equity lending also fell for the second quarter in a row.
June 7, 2023
