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» Record Drop in Mortgage Originations Predicted for 2004 as Higher Rates Shrivel Refi Market and Slow Home Sales
Record Drop in Mortgage Originations Predicted for 2004 as Higher Rates Shrivel Refi Market and Slow Home Sales
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Economists see a major adjustment for the mortgage industry in the year ahead as higher interest rates lead to a huge slash in originations coming off of this year’s record-shattering volume.