Checklist before buying new house showing graph up as interest rate for mortgage loans Credit/Adobe Stock

The latest monthly forecast from the Mortgage Bankers Association raises its prediction for originations in the coming year by 3.6% — its largest full-year upward revision in two years.

Generally MBA has been lowering forecasts with an occasional, minor lift. However, in its Nov. 17 forecast MBA raised its 2024 forecasts by 4% for purchases and 2.5% for refinances, compared with its Oct. 15 forecast. For 2025, it raised its forecasts by 3.7% for both purchases and refinances.

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Jim DuPlessis

A journalist for decades.

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