Refinance Activity Lifted Mortgage Originations In 2010, Mostly Funded by Agency Programs
March 10, 2011
Just over two thirds of the home mortgages originated in 2010 were to refinance an existing loan, a surprisingly low figure given the historic lows in mortgage interest rates seen last year and the still weak state of the housing market. A total of $1.055 trillion of refinance loans were originated...[Includes three data charts]