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The Mortgage Bankers Association's outlook for the next nine months is more pessimistic than a month ago, but it is still pointing to slightly higher volume from home buyers and a sharp increase from refinancing.
The MBA's Oct. 27 forecast lowers its expectations for purchases by 6% for this year's fourth quarter and next year's first half from its Sept. 23 forecast. It lowers its forecast for refinances by 5% in the fourth quarter and 7% in the first half of 2025.
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