Mortgage revenue in the second quarter of 2024 reached the highest level since 2022. After a cautious recovery in earlier quarters, mortgage revenue is experiencing strong growth this quarter. Compared to Q2 2023, mortgage revenue is increasing by 28.3%. Also, mortgage revenue in Q2 2024 is up 17.0% from Q1 2024.

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The number of mortgages closed also rose sharply by 16.9% compared to Q2 2023. This increase is largely driven by existing homeowners; mortgage sales in this group climbed by 31.4% compared to Q2 2023.

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Read this and more in the new quarterly mortgage update.