New mortgages predicted to break all-time record in 2021

Hold onto your hats, because if mortgage bankers are correct, home sales are going to crush it next year with mortgage originations predicted to hit a new record of $1.54 trillion.
The forecast, presented at a virtual Mortgage Bankers Association convention, would represent an 8.5% increase compared with 2020, eclipsing the previous record of $1.51 trillion set in 2005.
For 2021, existing U.S. home sales volume will increase by 10% and new home sales will increase 12%, according to Mike Fra