Equifax Data Shows Mortgage Volume Slump While Consumer Financial Health Stays Strong
By PYMNTS
AI summary of the source article
Equifax CFO and COO John Gamble stated that the U.S. mortgage market weakened meaningfully since July, with transaction volumes falling later in August as interest rates rose. Meanwhile, the rest of the U.S. market has remained healthy.
Key facts
- Equifax CFO and COO John Gamble stated the U.S. mortgage market has weakened meaningfully since July.
- Mortgage transaction volume began declining later in August as interest rates rose.
- The rest of the U.S. market remains as healthy as it was.
Source excerpt · PYMNTS
The U.S. mortgage market has “weakened meaningfully” since July, though the rest of the U.S. market remains as healthy as it was, Equifax Chief Financial Officer and Chief Operations Officer John Gamble said Tuesday (Oct. 20) during an earnings call. “Mortgage market transaction volume began to decline later in August as interest rates started rising, […] The post Equifax Data Shows Mortgage Volum…