Mortgage-volume forecast cut 27%
The Mortgage Bankers Association slashed its projection of mortgage volume this year by 27% to $2.03 trillion. The group said its estimate is well less than the one it made only three months ago because the government's residential-refinancing program has not taken off as expected and then interest rates started heading up.
BusinessWeek | 06/22
This story published in ELFA SmartBrief on 06/23/2009
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Housing outlook is split as applications for home loans fall 2.8%
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