April 24, 2024 11:22 pm
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Bankers say mortgage originations will shrink 2016-17

mortgage originations

mortgage originationsBy Brena Swanson | HousingWire

For those who believe the market for mortgage originations is growing at a healthy clip, the Mortgage Bankers Association just shared some bad news.

During a press conference at its annual meeting being held right now in San Diego, the MBA said it expects a 10% increase in purchase mortgage originations next year compared to 2015.

While the MBA estimates purchase mortgage originations to reach $905 billion, refinance originations are predicted to decrease by one-third, resulting in refinance mortgage originations of $415 billion.

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