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Mortgage Loan Originations Jump in 2nd Quarter

Mortgage News > Mortgage Loan Originations Jump in 2nd Quarter
Date: 08/28/2018    Mortgage Loan Originations Jump in 2nd Quarter

U.S. mortgage lenders saw home loan activity rise during the second quarter of 2018, a sign of an upbeat economy. Total mortgage originations increased to $447 billion from $346 billion in the first quarter. This jump in new home loans follows two quarters of noticeably slower origination, probably due to the continued interest rate hikes by the Federal Reserve. 

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