The forecast for the origination of loans to finance single-family home purchases has been raised for both this year and next year.

From April 1 through June 30 of this year, overall home lending volume — including purchases and refinances — is expected to total $484 billion.

Business is then expected to fall to $446 billion during the third quarter and tumble further, to $402 billion, in the final-three months of 2018.

Source: Mortgage Daily