The outlook for refinance production during the first-three months of this year has been raised by Freddie Mac, though at the expense of subsequent quarters.

The secondary lender predicts that total first-quarter mortgage originations, including purchase financing and refinancing, are expected to total $325 billion.

Home lending is then projected to climb to $430 billion during the following three-month period before settling back to $420 billion in the third-quarter 2017.

Source: Mortgage Daily