In the first quarter of 2024, the mortgage lending industry experienced a significant decline of 6.7%, reaching its lowest point in over two decades. This data was revealed in a recent report by Attom, highlighting the challenges that the sector has been facing in recent months.
Key points from the report include:
– Mortgage lending in Q1 2024 decreased by 6.7%
– This marks the lowest level of mortgage lending since the year 2000
– The Attom report sheds light on the ongoing struggles within the industry
– Experts are closely monitoring these developments and analyzing potential impacts on the housing market
Overall, the decline in mortgage lending seen in Q1 2024 underscores the challenges faced by the industry, as highlighted in the recent report by Attom. As experts continue to analyze the data and trends, it remains to be seen how this will impact the housing market in the coming months.
You can read this full article at: https://www.housingwire.com/articles/q1-2024-mortgage-lending-volume-declines-to-near-record-low/(subscription required)
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