The forecast has improved for the production of residential loans used by U.S. homebuyers to finance home purchases.

From mid-2016 through Sept. 30, overall home lending, including purchase-money lending and refinances, is expected to amount to $440 billion.

National mortgage production is then expected fall to $362 billion during final three months of this year and decline further — to $306 billion in the first-quarter 2018.

Source: Mortgage Daily