According to industry experts, purchase mortgage originations are projected to see a significant increase in the coming year, reaching a total of $1.45 trillion. This represents a notable uptick of 13% compared to the previous year, reflecting a positive trend in the housing market.
Key points:
– Purchase mortgage originations are forecasted to reach $1.45 trillion in 2025
– This figure represents a 13% year-over-year increase
– The rise in purchase mortgage originations indicates a growing demand for home purchases
– Industry experts attribute this trend to a combination of factors, including low interest rates and a strong housing market
You can read this full article at: https://www.housingwire.com/articles/mortgage-market-should-improve-to-2-3-trillion-in-2025-mba-says/(subscription required)
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