Red-Hot Housing Market to Fuel Record Borrowing in ’22

Associated Press, Jan. 6, 2022–Alex Viega
Banks lent an estimated $1.61 trillion for home purchases last year, up about 9% from 2020, according to the Mortgage Bankers Association. That tops the $1.51 trillion lent at the peak of the housing bubble in 2005, the highest on records going back to 1990.