Tuesday, 30 November 2021 | The Latest Buzz for the Appraisal Industry

MBA: Despite Higher Mortgage Rates, Housing Market to Remain Strong in 2022

Purchase volume will increase 9% to reach $1.73 trillion in 2022 due in part to home builders bringing more inventory online, while refinance volume will plummet 62% to $860 billion due to rising mortgage rates, the Mortgage Bankers Association (MBA) forecasts.

As a result, total origination volume will reach $2.59 trillion in 2022 – a 33% decline from this year.

The anticipated 9% increase in purchase volume would help offset a 14% decrease in

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