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