Mortgage Refinance Outlook Leaps Over $300 Billion

The latest economic forecast has this year’s and next year’s mortgage refinances coming in over $300 billion higher than projected just last month. Expected purchase financing, though, diminished.

From July 1 through Sept. 30, total mortgage originations — including refinancing and purchase financing — are predicted to reach $490 billion, more than the $450 billion expected as of last month.

The fourth-quarter outlook was raised to $435 billion from $410 billion, while the projection for mortgage production during the first-quarter 2017 is now at $390 billion versus $380 billion in June.


…read more

From:: Financing

Leave a Reply