'In a lot of communities, it is cheaper to own. 'The recent dip from last summer in rates going lower made many homes affordable,' said Rocke Andrews, president of the National Association of Mortgage Brokers. High employment levels, a growing economy and falling interest rates contributed to increased homebuying activity in 2019, according to the National Association of Realtors, which reported contract signings were up 7.4% year-over-year in November. 'It’s no secret this was a good year industry-wide, but our tech infrastructure and commitment to service allowed us to continue to provide closings two weeks sooner than the industry average, a gap that grew even larger as the year went on,' Bob Walters, Quicken president and chief operating officer, said in an email. It has been the largest mortgage lender in the country since the fourth quarter of 2017. Quicken's 2019 mortgage volume was a 75% year-over-year increase and beat the company's previous record volume of $96 billion in 2016.

Quicken home and business 2019 size