According to a recent report by Freddie Mac, the mortgage finance giant predicts total mortgage originations will reach $2 trillion in 2019 and $2.1 trillion in 2020. A recent surge in refinance activity is also expected to continue, with a single-family refinance mortgage originations predicted to reach $789 billion in 2019 and $785 billion in 2020.
Sam Khater, Freddie Mac’s chief economist said in a statement that while “economic growth has slowed significantly across the globe,” the U.S. economy has fared better, and the housing market in particular has outperformed.
