Mortgage bankers have nudged up their expectations for purchase financing during 2018 and 2019. But next year’s outlook for refinance production diminished.
During the final-three months of this year, $415 billion in single-family loan originations — including loans to finance home purchases and refinances — are predicted.
U.S. mortgage production is then expected to drop to $344 billion in the first-quarter 2018 and bounce up to $450 billion three months later.
Source: Mortgage Daily