Commercial and multifamily mortgage loan originations were 53% lower in the second quarter of 2023 compared to a year ago, and increased 23% from the first quarter of 2023, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. 

Redfin, Seattle, reported the estimated total worth of U.S. homes hit a record $46.8 trillion in June, beating a record of $46.6 trillion set last year.

Black Knight, Jacksonville, Fla., said mortgage rate lock activity fell for the second consecutive month in July, dropping 7% overall.