Mortgage bankers have lifted their estimate of overall originations from last year through 2018 by more than $300 billion — including an over $250 billion boost to refinances.
Overall mortgage originations are expected to amount to $470 billion during the final-three months of this year then fall to $400 billion in the first three months of next year.
Residential loan production, which includes refinances and purchase financing, is then expected to bounce back up in the second quarter of next year — reaching $440 billion.
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From:: Financing