The latest economic data has the estimated amount of mortgage originations last year higher the previously thought. Next year’s forecast was also raised.

Home lenders are expected to originate $482 billion in U.S. mortgages during the three-month period than ends as of mid-2018.

Collective mortgage production is then predicted to slip to $480 billion in the third quarter and amount to $400 billion in the final-three months of the year.

Source: Mortgage Daily