Fannie Mae has made a modest upward adjustment in its forecast for industry-wide refinance originations this year and next year.

The secondary mortgage lender predicts that overall loan production, including purchases and refinances, will total $456 billion during the third quarter.

Home-lending activity is then expected to tumble to $377 billion in the final-three months of 2017 and $322 billion in the first-three months of next year.

Source: Mortgage Daily