Fannie Mae economists have increased their estimates of home purchase financing for last year, this year and next year. Even last year’s estimated refinances grew.
The Washington-based secondary mortgage lender expects second-quarter 2017 residential originations by all U.S. lenders to come in at $454 billion.
Home lending is then expected to fall to $414 billion three months later and $362 billion during the final-three months of this year.
Source: Mortgage Daily