Home purchase loans plummet to 12-year low as high mortgage rates wreak havoc on affordability

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https://nypost.com/2026/05/28/real-estate/home-purchase-loans-plummet-to-12-year-low-as-high-mortgage-rates-wreak-havoc-on-affordability/

Home purchase loans plummet to 12-year low as high mortgage rates wreak havoc on affordability

Roughly 581,000 home purchase loans were originated from January through March 2026, down 19% from the previous quarter, according to the Q1 2026 US Residential Property Mortgage Origination Report…

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High mortgage rates create divided housing market
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High mortgage rates create divided housing market