Greater Hartford saw one of the biggest increases in the country for new mortgages in the third quarter, with the Federal Reserve cutting interest rates to provide a psychological boost for borrowers that they will be able to refinance down the road. Nationally, mortgage originations rose 1.9 percent in the third quarter from three months earlier, according to Attom, an Irvine, Calif.-based firm that tracks mortgage activity. It marked the first time in three years that U.S. mortgage originations had risen in two consecutive quarters, dating back to the boom real estate market during the COVID-19 pandemic.

 

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New mortgage activity in Hartford region beating many U.S. cities