The current quarter and the following three months are likely to see solid production of loans to finance the acquisition of single-family properties.
Secondary market giant Freddie Mac expects industry-wide mortgage production to come in at $443 billion in the second quarter then dip to $432 billion three months later.
But business is expected to significantly slow during the final-three months of this year, when home-lending activity is expected to total $335 billion.
Source: Mortgage Daily
