Although the annual volume of loans to finance a home purchase are forecasted to grow, a drop in projected refinances will drag down overall activity.
During the three months ended Sept. 30, single-family loan originations, including refinances and purchase financing, are expected to come to $500 billion.
National mortgage production from all U.S. home lenders is then projected to fall to $413 billion during the final-three months of this year.
Source: Mortgage Daily
