Economists at Fannie Mae have elevated their estimate of refinance production last year at the nation’s primary mortgage originators. Even the purchase estimate was nudged higher.
During just first quarter of this year, the secondary lender predicts that overall loan originations, including purchases and refinances, will total $366 billion.
Aggregate national production is then expected to jump to $483 billion during the following three months before retreating to $466 billion in the third quarter.
Source: Mortgage Daily