The latest economic projection has residential loan originations during the final-three months of last year $30 billion higher than previously thought.

U.S. mortgage production is expected to decrease from $478 billion during the fourth-quarter 2017 to $335 billion during the first-quarter of this year.

Home-lending business, including refinances and purchase financing, is forecasted to jump to $495 billion the following three months and ascend further, to $500 billion, in the third quarter.

Source: Mortgage Daily