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Chart showing that the Mortgage Bankers Association revised its mortgage refinancing outlook to stay positive for six more months.

The Mortgage Brokers Association’s outlook on the economy has brightened in the past four weeks, extending the life of the refinance boom through March.

The Washington, D.C., trade association’s monthly forecast posted Feb. 19 sharply revised upwards its estimates for refinance originations for the current quarter and the fourth quarter of 2020.

Whereas a month ago the MBA forecast that the refinancing boom peaked in 2020’s third quarter, it now shows the refinancing boom peaking in the current quarter.

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Jim DuPlessis

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