US mortgage lenders' average profit per loan rose to $701 in Q3 2024, up from $693 in Q2.

Mortgage lenders in the US saw their average profit per loan rise slightly to $701 in Q3 2024, up from $693 in Q2, according to the Mortgage Bankers Association. Despite fewer companies reporting profits, the industry saw a brief dip in mortgage rates and lower expenses offsetting a drop in secondary marketing income. The MBA predicts a 28.5% improvement in the mortgage origination market in 2025, reaching $2.3 trillion in volume.

November 14, 2024
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