An increase from this year to 2017 in the volume of new loans to finance home purchases will be more than offset by a sharp drop in refinance production.
During all of 2016, residential loan originations are expected to total between 7.6 million loans for $1.756 trillion and 8.5 million loans for $1.936 trillion.
Business is projected to retreat next year, with the forecast ranging from 5.8 million loans funded for $1.403 trillion to 6.1 million loans for $1.478 trillion.
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From:: Financing