Housing is so unaffordable that banks are losing money for each mortgage they finance for the first time ever

Housing is so unaffordable that banks are losing money for each mortgage they finance for the first time ever

  • Living On Whidbey
  • 04/12/23

"Housing is so unaffordable banks lost money for each mortgage they financed in 2022, a report found.

Some providers averaged a $301 loss per loan, a first recorded by the Mortgage Bankers Association.

It attributed that largely to the increased cost of financing a loan and decreased housing demand."

 

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