Refinancing Boom Fuels Mortgages to Postcrisis Record

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The mortgage market in 2019 had its best year since the height of the precrisis boom, the latest sign that housing is firming up after showing signs of weakness early last year

Lenders extended $2.4 trillion in home loans last year, the most since 2006, according to industry research group Inside Mortgage Finance. That was also a 46% increase from 2018.

 

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People stopped buying high end this is re-fI verses new loans which means zip for housing

It's trumps fault. 🤣

I'm trying to think about it. Are lenders pushing sales to unqualified borrowers?

Or a sign of another bubble.

Right in time for an inevitable crisis

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