Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. 

In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. But analysts anticipate growth in both purchase and refinance originations this year. 

According to data from the U.S. Bureau of Labor Statistics, there were 343,000 mortgage employees as of May 2023. This figure was down 15% year over year and 18% below the peak of 420,000 employees in July 2021, when the 30-year fixed details ⇒

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