Mortgage Bankers Lift 2018, 2019 Purchase Forecast

Mortgage bankers have nudged up their expectations for purchase financing during 2018 and 2019. But next year’s outlook for refinance production diminished.

During the final-three months of this year, $415 billion in single-family loan originations — including loans to finance home purchases and refinances — are predicted.

U.S. mortgage production is then expected to drop to $344 billion in the first-quarter 2018 and bounce up to $450 billion three months later.

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From:: Financing