The latest real estate finance forecast has mortgage refinance production for this year and next year up by more than $40 billion from what was expected a month ago.

From July 1, 2017, through Sept. 30, residential loan originations, including refinances and loans to finance home purchase, are expected to reach $453 billion.

Activity is then forecasted to fall to $366 billion during the final-three months of this year and $312 billion in the first-three months of next year.

Source: Mortgage Daily