[]On May 11, 2021, Mortgage Daily issued a news release through PRNewswire highlighting how U.S. mortgage originations were climbing in early 2021 as interest rates remained near historic lows. The report cited a surge in refinance activity and sustained purchase demand, with lenders working through record loan volumes while still managing pandemic-era underwriting challenges.
According to the release, the first quarter saw strong housing demand despite tight inventory and rising home prices. The Mortgage Daily team noted that more borrowers were tapping into equity through cash-out refinances and home-equity lines of credit, and that loan performance continued to improve as forbearance numbers declined. Analysts anticipated that a gradual increase in mortgage rates could cool the market later in the year but predicted that demand would remain elevated compared to pre-pandemic levels.
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