Last year’s estimated refinance production has been raised, while the purchase-money estimate was lowered. Forecasts for both categories were lifted for this year and next year.
Single-family loan originations by all lenders, including refinances and purchases, during the first-three months of 2018 are expected to come in at $335 billion.
Home lending is then expected to jump to $495 billion in the second quarter then ascend further — to $500 billion — during the following three months.
Source: Mortgage Daily