decline in mortgage delinquencies shown with a down arrow hovering above homes and commercial buildings. Source: Shutterstock.

The Mortgage Bankers Association has lowered its first-half 2023 forecast for originations by 8%, as sales of new and existing homes continue to fall and interest rates remain high.

The MBA forecast dated Monday made downward revisions of 6% for purchases and 16% for refinances compared with its Nov. 21 forecast.

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Jim DuPlessis

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