The dollar value of for-purchase loans is forecast to increase to $1.74 trillion, a fresh record, according to the MBA.
Refinancing, which declined last year, will fall again, to $870 billion, the MBA predicted.
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The Mortgage Bankers Association has projected that homebuyers will keep driving mortgage borrowing higher in the year ahead after a record 2021. So reports ABC News.
The dollar value of for-purchase loans is forecast to increase to $1.74 trillion, a fresh record, according to the MBA.
Refinancing, which declined last year, will fall again, to $870 billion, the MBA predicted.