purchase mortgage – PROGRESS in Lending

Purchase Originations To Increase 9% To Record $1.73 Trillion In 2022

October 19, 2021 PROGRESS In Lending 2022 mortgage origination, purchase mortgage

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.