MBA 2020 Economic and Morgage Forecast: Forecasting 0.9% GDP Growth in 2020

From the MBA: MBA 2020 Forecast: Purchase Originations to Increase 1.6 Percent to $1.29 Trillion MBA forecasts total mortgage originations will come in around $2.06 trillion this year - the best since 2007 ($2.31 trillion) - before likely decreasing to around $1.89 trillion in 2020. In 2021, MBA expects purchase originations to total around $1.33 trillion, and refinance originations to reach $432 billion ($1.74 trillion total). Mike Fratantoni, MBA's Chief Economist and Senior Vice President for Research and Industry Technology, says geopolitical uncertainty and a slowdown in the global......(read more)

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