Mortgage Lending Tumbled To Nine-Year Low After Inflation Fueled Soaring Rates
Mortgage lending fell to a nine-year low within the fourth quarter. getty The variety of residential mortgages originated within the fourth quarter tumbled to a nine-year low as inflation drove home-loan charges above 7%, in line with a report on Thursday from ATTOM. People signed 1.5 million mortgages within the closing three months of 2022,…