Articles tagged with: economic outlook
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The national Mortgage Bankers Association’s economic outlook for 2011 isn’t exactly rosy, but the group does expect to see an increase in homes sales next year.
The association expects to see mortgage originations fall from an estimated $1.4 trillion this year to slightly under $1 trillion next year. The drop will be driven by a decline in the number of people wanting to refinance mortgages, the association said in a news release.
Specifically, the association expects to see mortgages for home purchases increase slightly next year and then enter into a recovery …