Bank of America projects 2027 mortgage originations of $1.719 trillion, with only about $344 billion from refinances, a 15% decline from the $2.030 trillion expected for 2026. The bank's outlook is slightly lower than other industry forecasts, citing weaker housing market conditions and home sales and a marginally higher projected year-end rate level. It is the third major forecast to put origination volume below $2 trillion next year, after the MBA's $1.99 trillion forecast (down 5%) and Fannie Mae's $1.86 trillion. On the capital markets side, BofA expects agency MBS gross issuance of a little more than $1.12 trillion in 2027, down from about $1.33 trillion this year. The analysts frame 2027 as a replay of 2023, with elevated rates, subdued housing and a lock-in effect, but argue it could be even more challenging as demand-supporting forces fade.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Bank of America : 2027 mortgage originations to drop to $1 . 72T
Read the original on housingwire.com ↗
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• NeutralSPDR S&P 500 ETF
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| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/19/2026 | 766.48 |
| Change that session | +0.42% |
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