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MBA lowers 2025 forecast for refinances

The Mortgage Bankers Association (MBA) has revised its previous 2025 mortgage forecast, raising its projection for purchase originations while trimming projections for refinances from its January forecast. Its updated forecast, released Feb. 19, put this year’s total origination volume at a projected $2.055 trillion, up slightly from January’s $2.052 trillion forecast. The MBA still forecasts…

Existing-home sales slow in January as affordability challenges persist

Existing-home sales started the year on a down note, dropping 4.9% month over month to a seasonally adjusted annual rate of 4.08 million in January, according to data released Friday by the National Association of Realtors (NAR). Despite the monthly decrease, existing-home sales were up 2% compared to the same month last year, marking the…

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