Industry Forecasts Purchase Originations to Increase 9% to Record $1.73 Trillion in 2022
MBA expects refinance originations will slow again next year, decreasing by 62% to $860 billion.
Stay updated with breaking news from Industry Forecasting. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
MBA expects refinance originations will slow again next year, decreasing by 62% to $860 billion.
While interest rates reached a high peak since June 2021, applications have not budged much.
The Market Composite Index, which measures mortgage loan application volume, increased 1.6% on a seasonally adjusted basis from the previous week.
Content from { "homeurl": "https://rismedia.com/", "resultstype": "vertical", "resultsposition": "hover", "itemscount": 4, "imagewidth": 70, "imageheight": 70, "resultitemheight": "auto", "showauthor": 0, "showdate": 1, "showdescription": 1, "charcount": 3, "noresultstext": "No results!", "didyoumeantext": "Did you mean:", "defaultImage": "https://rismedia.com/wp-content/plugins/ajax-search-pro/img/default.jpg", "highlight": 0, "highlightwholewords": 1, "openToBlank": 1, "scrollToResults": 0, "resultareaclickable...
Next New Home Sales Report Should End Slump -MBA About this Channel MND NewsWire features plain and simple interpretations of industry related data and events written in a manner that maintains the interest of random readers while still catering to the perspective of a housing market professional. Share: May 13 2021, 12:35PM That applications for mortgages to purchase newly constructed homes rose 30.8 percent in April compared to a year ago is not a particularly useful piece of data given the state the global economy was enduring in April 2021. However, it is good...