US Purchase Lending Hits 12-Yr Low
In Q1 2026, US residential mortgage originations ↓~13% quarterly to 1.57M loans, while dollar volume ↓~12% to $577.7B, showing a softer start for lending activity. Purchase loans led the pullback, ↓~20% from Q4 2025 to 581.3K, the lowest quarterly total since Q1 2014 for US home-buying credit. Purchase lending dollar volume reached $236.8B, ↓~18% quarterly […]
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