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Q3 2022 Mortgage Bankers Performance Report

“Companies are responding to tough market conditions by reducing excess capacity, including staff, the number of production employees per firm is down 7% from the previous quarter, and 19% from one year ago," said Marina Walsh, CMB, MBA’s VP of Industry Analysis.

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Mortgage App Payments Rose Nearly 4% in October

The Mortgage Bankers Association has released new data showing the national median mortgage payment rose to $2,012 in October, recording a slight climb from September. Meanwhile, median asking rents increased an estimated 6.2% between Q2 and Q3 of 2022.

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