Originations hit 3.5-year high in Q4 boosted by refinancing

Mortgage originations hit a three-and-a-half-year high in the fourth quarter of last year, as year-low mortgage rates boosted refinance activity, new industry data found.

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An estimated 565,000 first-lien refinances closed in the fourth quarter, up about 50% from a year prior and the most since the second quarter of 2022. This pushed total originations up to 1.44 million,…