Mortgage Daily

Published On: October 18, 2018

The latest housing forecast from
Fannie Mae has this year’s mortgage originations coming in $35 billion less than previously expected, while next year’s outlook was cut by $61 billion.

Economists at
the secondary mortgage lender expect home lending by all U.S residential
originators to amount to $386 billion during the final three months of this year.

In the first quarter of next year, originations are predicted to sink to $323 billion. But mortgage production is then expected to jump to $444 billion in the second-quarter 2019.

The predictions were made by the Washington-based organization in
its Housing Forecast: October 2018.

In last month’s outlook from Fannie, originations were expected to fall from $404 billion in the fourth quarter to $338 billion then rise to $460 billion in the second-quarter 2019.

Fannie cut its
current-quarter purchase financing forecast to $290 billion from $299 billion, and the following period’s outlook was reduced to $223 billion from $229 billion.

Refinances are now expected to total $96 billion in the fourth quarter versus $105 billion previously expected. The following three months’ forecast was lowered to $101 billion from $110 billion.

For all four quarters of 2018, Fannie predicts production will amount to $1.635 trillion, less than $1.670 trillion previously expected. Next years projection fell to $1.625 trillion from $1.686 trillion.

This year’s purchase-money outlook declined to $1.181 trillion from $1.200 trillion predicted in September. The 2019 purchase forecast fell to $1.224 trillion from $1.248 trillion.

Finally, Fannie reduced the 2018 refinance forecast to $0.454 trillion from $0.470 trillion, and the following year’s outlook declined to $0.401 trillion from $0.438 trillion.

Refinance share is expected to thin from 28 percent this year to a quarter in 2019.

FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Date with Today’s Latest Rates

ï„‘

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

ï„‘

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

ï„‘

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

ï„‘

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN