The economic outlook for this year’s single-family loan originations has grown more optimistic. But next year’s forecast is slightly more pessimistic.
During the final-three months of this year, $438 billion in aggregate U.S. mortgage production is forecasted. The total reflects refinances and loans to finance home purchases.
Home lending it then expected to tumble to $358 billion in the first-three months of next year before soaring to $475 billion in the second quarter.
Source: Mortgage Daily