Purchase Mortgages Plummet in Q4 of 2021
Total mortgages drop at fastest pace in three years
Banks and other lenders issued 3,266,907 residential mortgages in the fourth quarter of 2021. That was down 10.7 percent from 3,656,892 in third quarter of 2021 and down 13.5 percent from 3,775,894 in the fourth quarter of 2020.
The quarterly and annual declines were the largest since the firs…
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