Purchase Mortgage Volume to Dip to Early 1990 Levels
The rate at which individual markets generate purchase mortgages will fall to levels not seen since the early 90s, according to iEmergent’s 2009-2013 Mortgage Volume Forecasts released today.
And while the company believes purchase mortgage lending volume will bottom out late next year, it’s not expected to recover to long-term historical trends until 2012.
For 2009, iEmergent expects total purchase Read more