Over the past month, mortgage bankers have grown more optimistic about the volume of refinances that will be originated during the first-three months of this year.

Total single-family production by all U.S. lenders, including purchase financing and refinances, is forecasted to reach $346 billion during the first-quarter 2018.

Mortgage originations are then projected to jump to $450 billion during both the following three months and during the third quarter.

Source: Mortgage Daily