This year’s and next year’s refinance outlook was raised by more than $200 billion, pushing the overall 2016 forecast to $2 trillion for the first time in four years.
Including mortgage refinances and home purchase financing, residential loan originations during the third-quarter 2016 are expected to come in at $595 billion.
U.S. mortgage production is then projected to fall to $485 billion in the final-three months of this year and $340 billion during the first-three months of next year.
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From:: Financing