In reaction to stronger home sales and less cash in the housing market, the Mortgage Bankers Association is predicting far higher home purchase mortgage volume this year than it did just one month ago.
Purchase loan volume is now expected to rise to $801 billion in 2015, an upward revision from the $730 billion forecast last month and the $638 billion originated in 2014.
Wednesday, July 22, 2015
Mortgage bankers predict $71B more in volume for 2015
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