Hartford saw a 12.7% jump in mortgage activity in Q3, fifth nationally, as homeowners seek lower rates.

Hartford's mortgage activity surged 12.7% in Q3, ranking fifth among major U.S. cities, driven by the Federal Reserve's interest rate cuts. Nationally, mortgage originations rose 1.9%, marking the first two consecutive quarterly increases since 2019. Despite high mortgage rates, homeowners are seeking new loans at lower interest rates, with a 6.9% increase in mortgage rollovers noted by Attom.

November 26, 2024
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