Mortgage Bankers See Increase in Originations
The Mortgage Bankers Association predicts that it expects to see $ 1.10 trillion in purchase mortgage originations during 2017, an 11% increase from 2016. On the flip side, the MBA says that refinance originations will decrease by 40%. They attribute this to strong household formation, job growth, rising wages, and continuing home price appreciation into the foreseeable future.
Click here to read the full report on MBA.org.
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