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figure of a house and a percentage sign sitting on the grass Source: Monster Ztudio/Shutterstock

The Mortgage Brokers Association on Thursday boosted its estimate for second-quarter refinances, but not enough to change its expectation that rising rates will drive down refinances this year.

The MBA made no revision in its forecasts for purchase originations. In the second quarter it said it expects lenders will originate $472 billion in purchase originations, 35.6% higher than a year earlier.

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Jim DuPlessis

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