The Mortgage Bankers Association (MBA) recently released its economic and mortgage market forecasts for year-end 2021 and for 2022.
Here’s what the organization predicts.
For year-end 2021:
- Purchase originations will rise to $1.61 trillion, eclipsing the previous all-time high of $1.51 trillion in 2005.
- Refinance originations will come in at $2.32 trillion—down from $2.63 …read more