Are mortgage originations continuing their decline?

March 28, 2012 by josephine.munis

Even as interest rates remain at near-record lows, mortgage originations declined for the second quarter in a row in Q2 2011 to $268 billion, a 19 percent decline over the previous quarter. Refinance activity that spurred originations in 2010 has not been as prevalent this year.

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Source: Experian-Oliver Wyman Market Intelligence Reports.