Refinancing activity slows down mortgage originations

August 18, 2013 by admin

The $478 billion in Q2 2013 mortgage originations is a 10 percent increase over a year ago ($436 billion) but a 7 percent decrease from the previous quarter ($515 billion) — primarily as a result of the slowdown in refinancing activity.

Source: IntelliViewSM powered by Experian-Oliver Wyman Market Intelligence Reports

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