Author bio section

I am the author of this blog and also a top-producing Loan Officer and CEO of InstaMortgage Inc, the fastest-growing mortgage company in America. All the advice is based on my experience of helping thousands of homebuyers and homeowners. We are a mortgage company and will help you with all your mortgage needs. Unlike lead generation websites, we do not sell your information to multiple lenders or third-party companies.

Mortgage Bankers Association (MBA) is now predicting that the mortgage origination volume for 2012 can exceed $1.7 trillion. This is almost double of what they predicted before the year began – a meager $900 billion. Quarterly Data Report and The National Mortgage News are forecasting $1.75 trillion in fundings this year, 70% of which will be refinancing. Last year mortgage bankers funded $1.436 trillion. See the historical and projected production in the chart below (source MBA)


“We expected 2012 originations to be front-loaded in the first half of the year, with refis falling off with rate increases.  Instead we saw the refinance market grow during the year due to a combination of low rates, thanks to QE3 and slowing global growth because of continuing problems in Europe, and adjustments in the HARP and FHA refinance programs, said Jay Brinkmann, MBA Chief Economist. “We expect 2013 refinance originations to play out like our original expectations for 2012, with a long tail of refis extending through the first half of the year followed by a rapid drop-off in the second half.

Forecast for 2013 – MBA is forecasting a total production of $1.3 trillion for 2013. Though refinance business is expected to be much lower than 2012, purchase loan origination is expected to increase 16 percent over 2012. MBA also believes that 30 year fixed mortgage rates will stay below 4% through the middle of 2013.

Related Posts

  • 47
    The California Association of Realtors’s (CAR) housing market statistics reveal that the San Francisco Bay Area has had a mixed September when it comes to median sold prices of existing single-family homes. While Alameda, Marin, Napa, and Santa Clara are closing in the green, Counties Contra Costa, San Francisco, San…
    Tags: $, san, mortgage, news
  • 46
    The Real Estate sales is expected to inch higher, while mortgage production volume is predicted to go down , according to economists at Fannie Mae. The second half of the year should outpace the first six months in terms of growth, though fiscal policy and political uncertainty in Washington will…
    Tags: $, mortgage, will, expected, year, trillion, billion, production, half, originations
  • 44
    Conforming loan limits for all the Texas (TX) counties went up for 2020. Base conforming loan limit went up to $510,400. See below the list of all the counties in Texas with 2020 loan limits for 1, 2, 3, and 4 Unit properties. ANDERSON COUNTY  • 1 Unit – $510,400•…
    Tags: $, mortgage, news
  • 43
    Conforming (also called Conventional) loan limits for all Georgia (GA) counties went up for 2020 to $510,400. See below the list of all counties in Georgia with 2020 loan limits for 1, 2, 3, and 4 Unit properties. APPLING COUNTY  • 1 Unit – $510,400• 2 Unit – $653,550• 3…
    Tags: $, mortgage, news
  • 43
    Having fallen below 3% for the first time since Freddie Mac started recording, the mortgage rates have risen above 3% once again, thus arresting a fall which began 6 weeks ago. At this point, it is only symbolic though. From 2.98% on July 16, we are at 3.01% (July 23).…
    Tags: rates, mortgage, year, will, news