Purchase Originations To Increase 9% To Record $1.73 Trillion In 2022
The Mortgage Bankers Association (MBA) announced that purchase mortgage originations are expected to grow 9% to a new record of $1.73 trillion in 2022. After an anticipated 14% decline in 2021 to $2.26 trillion, MBA expects refinance originations will slow again next year, decreasing by 62% to $860 billion.
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