Trey Garrison | HousingWire
Heading into the fall, the health of the mortgage market in 2015 has trended in line with their initial expectations at the beginning of the year and above consensus estimates, but how strong is that really?
FBR & Co. says that things are looking good.
“This has largely been a result of a gradually improving purchase market and a renewal in strong refinancings as rates fell sharply in the first half of this year,” FBR says. “The Mortgage Bankers Association estimates originations as of the end of September 30, 2015, of $1.1 trillion. This level would have largely met original investor expectations heading into the year, with three months remaining.
