The Mortgage Bankers Association (MBA) revised its mortgage outlook for 2025 by increasing its forecast for purchase originations while reducing refinance expectations. The total origination volume is now estimated at $2.055 trillion for the year, with purchase originations revised to $1.42 trillion. In contrast, refinance activity is expected to reach $638 billion, down from previous estimates. The MBA also adjusted home sales forecasts, predicting an increase in existing home sales but a decrease in new home sales, reflecting changing market conditions. Economic growth projections have improved, forecasting a GDP growth of 2.1% for 2025.
The Mortgage Bankers Association has adjusted its mortgage forecast for 2025, increasing purchase originations while lowering projections for refinances, indicating shifting market dynamics.
The MBA's updated forecast projects total origination volume for 2025 at $2.055 trillion, with $1.42 trillion in purchase originations and $638 billion in refinance activity.
Despite the reduced refinance expectations, the MBA raised the forecast for total existing home sales to 4,359,000, reflecting optimism in the housing market.
Economic growth predictions have also improved with the MBA forecasting 2.1% GDP growth in 2025, indicating a potentially strong economic recovery.
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