Home Purchase Financing Estimate Raised for 2015

The estimate of last year’s volume of loans to finance home purchases has been raised by more than $50 billion, though it came at the expense of refinances.

For just the fourth quarter 2016, residential loan originations — including refinances and purchase-money lending — is expected to amount to $485 billion.

Production is then expected to fall to $340 billion in the first-three months of next year. But second-quarter 2017 volume is expected to reach $460 billion.

---

…read more

From:: Financing