Red-Hot Housing Market Fuels Mortgage Borrowing Record

Source: The Wall Street Journal — 

Americans borrowed more than ever to buy homes in 2021.

Mortgage lenders issued $1.61 trillion in purchase loans in 2021, according to estimates by the Mortgage Bankers Association. That is up slightly from $1.48 trillion in 2020 and above the previous record of $1.51 trillion in 2005.