The current quarter and the following three months are likely to see solid production of loans to finance the acquisition of single-family properties.
Secondary market giant Freddie Mac expects industry-wide mortgage production to come in at $443 billion in the second quarter then dip to $432 billion three months later.
But business is expected to significantly slow during the final-three months of this year, when home-lending activity is expected to total $335 billion.
McLean, Virginia-based Freddie made the predictions in its April 2017 Economic & Housing Market Forecast.
Based on analysis of refinance share and overall originations, refinancings are likely to fall from $120 billion this quarter to $104 billion in the third quarter.
But the origination of loans finance a home purchase is expected to climb from $323 billion in the second quarter to $328 billion.
Full-year 2017 overall originations are expected to reach $1.545 trillion then dip to $1.500 trillion next year.
Refinances are forecasted to sink from $0.417 trillion this year to $0.300 trillion next year as refinance share thins from 27 percent to 20 percent in 2018.
Purchase-money lending is predicted to climb from $1.128 trillion in 2017 to $1.200 trillion the following year.
Based on expected government originations, government share is expected to thin from 24.2 percent this year to 21.7 percent.
