The Mortgage Bankers Association (MBA) has slightly lowered its expectations for originations in the first half as rates have remained higher for longer than it expected.
MBA’s Jan. 19 forecast released Tuesday showed $926 billion in total originations in the six months ending June 30. That’s 1.7% lower than it expected in its Dec. 19 forecast, but still 15% higher than the first half of 2024.
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