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Record Home Purchase Activity Expected in 2021 Despite Higher Mortgage Rates

While mortgage rates are projected to be slightly higher next year, home purchase activity should hit a new record high, per the latest forecast from the Mortgage Bankers Association (MBA). The group said it expects purchase loan origination volume to increase a further 8.5% to a record high $1.54 trillion in 2021. That $1.54 trillion [&hellip

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Source: Mortgage