Fannie Mae lowered its projections of mortgage originations and home sales for 2022 as mortgage rates continue to climb.
Fannie Mae’s Economic and Strategic Research (ESR) Group revised its projected mortgage origination volume to $2.6 trillion in 2022 and $2.2 trillion in 2023. In May, Fannie Mae dropped its mortgage origination volume projection for 2022 to $2.7 trillion and $2.25 trillion for 2023, down from the respective $2.8 trillion and $2.41 trillion projected the previous month.
The GSE’s projections for refinance originations this year remain at $797 billion, unchanged from last month. Fannie Mae estimates that with rates at details ⇒
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