THE BASIS POINT

Freddie Mac 2011 Outlook: Slow Start But Better News Ahead

 

In yet another downward revision, Freddie Mac estimates that mortgage originations will total $1.05 trillion this year, down from its projected $1.2 trillion last month. Most of this comes as rates rise and refinancing decreases: Freddie said refinancing made up 69% of the total $1.55 trillion in home mortgage originations in 2010, but are expected to constitute just 41% this year and 35% in 2012. See the full Freddie 2011 outlook for projections on 30yr rates, inflation, GDP and other key stats.

 

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