Red-Hot Housing Market Fuels Mortgage Borrowing Record
Share
Americans borrowed more than ever to buy homes in 2021.
Mortgage lenders issued $1.61 trillion in purchase loans in 2021, according to estimates by the Mortgage Bankers Association. That is up slightly from $1.48 trillion in 2020 and above the previous record of $1.51 trillion in 2005.
Many of the forces that pushed Americans into the housing market in the early months of the pandemic—low interest rates and a desire for bigger homes—continue to drive up prices and mortgage balances, experts say.
Read more from The Wall Street Journal
RELATED TOPICS:
Bettors Banking on Eagles Resurgence, Cowboys Regression as NFL Season Begins
Sports /
12 hours ago
Abandoned Poodle Mix Adam Survives the Wild and Seeks a Forever Home
Animals /
13 hours ago
Top Brazilian Judge Orders Suspension of X Platform in Brazil Amid Feud With Musk
Politics /
1 day ago
How a Real Estate Boom Drove Political Corruption in Los Angeles
Crime /
1 day ago
Palestinian TikTok Star Who Shared Details of Gaza Life Under Siege Is Killed by Israeli Airstrike
World /
1 day ago
49ers Rookie WR Ricky Pearsall Shot in Attempted Union Square Robbery
SAN FRANCISCO — 49ers wide receiver Ricky Pearsall was shot Saturday during an attempted robbery in central San Francisco, city authorities ...
SF 49ers /
11 mins ago
Categories
Latest
Videos
![Police officers secure the area and investigate the scene of a shooting at Union Square in San Francisco, Saturday, Aug. 31, 2024. (Santiago Mejia/San Francisco Chronicle via AP)](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/08/31184052/piersall-shooting-1024x683.jpg)
SF 49ers /
11 mins ago
49ers Rookie WR Ricky Pearsall Shot in Attempted Union Square Robbery
![Gov. Gavin Newsom speaks at an event in anticipation of signing a bill on his proposed oil profit penalty plan in Sacramento on March 28, 2023. (CalMatters/ Miguel Gutierrez Jr.)](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/08/31175839/newsom-big-oil.webp)
Economy /
49 mins ago
Will Gov. Newsom Call a Special Session to Deal With Gas Prices?
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/03/16183042/Eagles-vs-49ers.jpg)
Sports /
12 hours ago
Bettors Banking on Eagles Resurgence, Cowboys Regression as NFL Season Begins
![A black poodle's face with his tongue sticking out](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/08/29135336/Rescued-from-an-abandoned-home-after-weeks-of-fending-for-himself-Adam-a-shy-but-sweet-poodle-mix-is-now-seeking-a-loving-forever-home.-Mells-Mutts-1024x538.jpg)
Animals /
13 hours ago
Abandoned Poodle Mix Adam Survives the Wild and Seeks a Forever Home
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/08/28091346/082824-Lede-1024x576.jpg)
Housing /
3 days ago