Mortgage Bankers Cut 2017 Refinance Forecast

The nation’s mortgage bankers have grown less optimistic about the volume of refinance originations during the first half of next year.

During the final quarter of this year, home lending, including purchase financing and refinancing, is expected to reach $470 billion.

Mortgage production is then expected to fall to $365 billion in the first-quarter 2017 then bounce up to $430 billion three months later.

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From:: Financing