The sluggish housing market could receive a nice jolt as mortgage rates continue to fall and lenders are originating loans at record levels. Lenders issued the most mortgages in 14 years last quarter, providing $700 billion of home loans to borrowers between July-to-September, according to Inside Mortgage Finance, the Wall Street Journal reported. Lower interest rates have led homeowners to replace their higher-rate mortgages for lower rate ones. Yet, home sales still declined 2 percent
source https://therealdeal.com/2019/10/28/nonbank-lenders-could-give-serious-boost-to-cooling-housing-market/
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