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The Mortgage Bankers Association said it expects slower purchase mortgage volume in the second half of this year, and during next year's peak selling months as housing sales weaken.
Its forecast dated April 17 called for $742 billion in purchase originations from July through December, a 15% gain from last year's second half. However, it represented a 5% downward revision from the MBA's March 20 forecast of $780 billion for this year's second half.
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