This year’s forecasted volume of loans used to finance a home purchase has been trimmed by the nation’s mortgage bankers, leaving less overall originations expected.
First-quarter 2018 purchase and refinance single-family loan production by all U.S. residential lenders is predicted to reach $339 billion.
Home lending is then expected to jump to $450 billion during the following three months and continue at that same level in the third quarter.
Source: Mortgage Daily
