2 to 630.1.â? That doesnâ??t sound like a big deal but considering the market is struggling to head in the right direction, any mortgage origination decline carries extra weight. Then [...] â??Also, builder incentives were helping sales.â??â? The real reason the declining mortgage originations is depressing is due to the fact interest rates also dropped last week, which would ideally result in an increase in mortgage originations. Housing, mortgage industries could be in for another shaky year The housing industry basically relies on the mortgage industry, especially as home prices have soared to never-before-seen highs.
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