Origination

Volumes generated for the home equity product increased by 28% over the past year, showing particular strength in Western markets.

But it's far too early to declare the market to be down and out, especially as employment stays strong and mortgage rates stabilize.

The hottest U.S. pandemic market fell as mortgage rates rise and buyers fear overpaying in a slowing market.

The American Bankers Association’s credit conditions index fell sharply, as economists foresaw dampening loan demand. The weaker outlook lines up with major bank CEOs’ increased worries over a possible recession.

The commodity's price fell to the lowest it has been since September as interest rates continue to rise.

A positive employment report, robust consumer spending and Fed comments on inflation counter measures drove rates upward.

Hybrid work has led to an increase in purchasing a second home in more scenic, family-friendly areas in addition to smaller, closer homes by the office.

Lenders reduced refinance and jumbo programs on their product menus as interest rates continued to rise in May, the Mortgage Bankers Association said.