1Q 2021 Mortgage Demand Outlook | TovoData

 Given the strong predictive power of iLeads.com tracked mortgage demand, TovoData can estimate closed mortgages in the US for the following quarter. The outlook for first quarter 2021 is 2.7 million closed purchase and refinance mortgages, down 8% from the first quarter 2020. However, the breakout between purchase and finance mortgages is estimated to be more evenly split than a year ago. In the first quarter of 2020, 70% of mortgages were for refinancing and this quarter, that share is expected to be 55% due to the strength in tracked demand for purchase mortgages. 

TovoData Mortgage Outlook, 1Q 2021
TovoData Mortgage Outlook, 1Q 2021

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