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Home » Store » News » Mortgage Market Hit a Peak in October; Is a Second Refinance Wave on the Way?

Mortgage Market Hit a Peak in October; Is a Second Refinance Wave on the Way?

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The U.S. mortgage market surged to record levels of new loan origination in October, and there may be more gas left in the tank as 2002 winds to a close. Fannie Mae and Freddie Mac combined for $168.8 billion in “new business purchases” during the month of October, up 24 percent from the $136.1 billion they booked in the previous
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