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Home » Store » News » 2016 Forecast: Strong Purchase-Mortgage Market Won’t Offset Sharp Drop in Refi

2016 Forecast: Strong Purchase-Mortgage Market Won’t Offset Sharp Drop in Refi

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The good news is that mortgage industry forecasters now see a much stronger originations market in 2016 than they did just a few months ago. But loan production is still expected to drop from 2015 levels. The consensus projection from economists at Fannie Mae, Freddie Mac and the Mortgage Bankers Association is that single-family mortgage originations will total $1.376 trillion next year. Back in May, the average forecast was $1.208 trillion. Estimates have ... [Includes one data chart]
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