Mortgage Lending Prospects Improve As Median Selling Prices Reach New Record

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house figure and percent sign sitting on grass Source: Monster Ztudio / Shutterstock

The outlook for mortgages has improved according to the latest forecast by the Mortgage Bankers Association, despite record high house prices and low inventories.

Washington DC Group Raises Its Annual Average refinancing forecasts, slightly lowering the purchase forecast for the second quarter. None of the changes affected the expected downward trends in refinancing and increased purchases for the year.

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