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Home » Store » News » Mortgage Originations Surge in Second Quarter Backed by Further Growth in Non-Agency Products

Mortgage Originations Surge in Second Quarter Backed by Further Growth in Non-Agency Products

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New lending volume in the home mortgage market jumped sharply in the second quarter of 2005 as falling interest rates fueled strong housing demand and the consumer’s growing willingness to tap built-up equity in housing. New originations grew to an estimated $770.0 billion during the second quarter of this year, an increase of 18.5 percent over the volume produced during the first three months of 2005. Although the second quarter boom was substantially below the… [Three data tables included]
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