by Calculated Risk on 12/22/2021 12:38:00 PM
A few highlights:
– Refinance originations are expected to drop to $870B.
– Purchase originations are forecast to eclipse 2021’s record high and reach $1.74T, backed by strong housing demand and rising home prices and sales.
o Home-price growth is forecast to moderate to 5.1%.
o Mortgage rates are expected to rise throughout the year and reach 4.0% by December 2022.
o Economic growth is forecast to be at 4.0% in 2022, with the unemployment rate declining to 3.5% by the end of the year.