WebApr 13, 2024 · Now we face yet another potential housing crisis, due to lofty property values and a doubling of mortgage rates (3% to 6%) in less than a year. Since early 2024, mortgage layoffs have been driven by a major decrease in refinance demand and a dwindling pool of eligible home buyers thanks to significantly higher mortgage rates. WebJan 15, 2024 · JPMorgan Chase increased mortgage origination volume to $32.5 billion in the fourth quarter, a 12% quarterly gain. ... it had $23.5 billion in residential loans with payment deferrals, down from ...
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