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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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 19 seconds
Mortgage Lending Boom Will Continue in 2022: MBA
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.
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