While housing sales will reach a record high this year for the third consecutive year, sales will slow slightly over the next two years. Home price appreciation will slow but remain positive. Mortgage origination volume will reach $3.4 trillion this year, an all-time record. It will then decline to $1.94 trillion next year, and $1.46 trillion in. The overall mortgage volume will drop by 43 percent next year – returning to the level of 1998.
However, the volume of mortgage loans originated for home purchases will increase annually over the next three years, it was predicted. The MBA report is titled, MacroEconomic and Housing Finance Outlook, 2010-2015.
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Please feel free to visit the sites below as they are good sites for reference
and tools to help with your off-line goals.
www.mortgage101.com is a good resource for news letters and rate information
www.lioncorp.net LION’s eMortgageCenter empowers originators to conduct business on the Internet with a transaction and workflow management system
www.advantagecredit.com Close more loans with the easiest credit reporting system on the Internet
www.calyxsoftware.com is the industry's leading mortgage automation application for loan marketing, prequalification, origination, processing, and reporting