The estimate of single-family loan originations for the first-three months of this year has been boosted by 15 percent only to be offset by a lower outlook for the remainig three quarters this year.
From Jan. 1, 2018, through March 31, mortgage originators closed an estimated $373 billion in new U.S. residential loans. The total refects both refinances and loans to finance home purchases.
National production is expected to jump to $441 billion this quarter and ascend to $478 billion in the third quarter before descending to $428 billion in the final-three months of this year.
Source: Mortgage Daily