By 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.
