According to the Q4 2020 U.S. Residential Property Mortgage Origination Report from ATTOM Data Solutions, 3.51 million mortgages secured by residential property (one- to four-units) were originated in Q4 of 2020, up 5.5% from Q3 of 2020, and up 48% from Q4 of 2019–to the highest level in nearly 14 years.
ATTOM attributes this boost in activity to a strong push by refinances, as lenders issued 2,226,951 residential refinance mortgages in Q4, up 11.5% from Q3 and 70.7% from Q4 of 2019. The dollar volume of refinance packages rose to $666.8 billion in Q4 of 2020, up 11.4% over the prior quarter and 66.6% from a year earlier.
Interest rates held below 3% in Q4, as lenders issued $1.06 trillion worth of mortgages in Q4–up
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