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Home » Store » Profitability » Higher Rates Will ‘Crush’ Originations in 2017

Higher Rates Will ‘Crush’ Originations in 2017

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Profitability

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“Mortgage originations get crushed,” according to the latest forecast from Freddie Mac’s economic and housing research group. A number of industry analysts have adjusted their originations forecasts as interest rates on mortgages have increased recently and could climb higher next year. “Mortgage market activity will be significantly reduced by higher mortgage rates, especially refinance originations, which are likely to be cut in half,” said Sean Becketti, Freddie’s chief economist ...
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