Refinance production during the final-three months of last year and the first-three months of this year is stronger than previously thought. The improvement carried up overall originations.
Home-lending during the first quarter of 2018 is expected to amount to $384 billion, plunging from $465 billion in the final quarter of last year.
Business, which includes refinances and loans to finance a home purchase, is forecasted to jump to $466 billion in the second quarter before dipping to $440 billion three months later.
Source: Mortgage Daily