Fannie Mae hiked mortgage lending forecast again - 2004-03-11
Weeks after boosting its forecast for mortgage lending, U.S. housing agency Fannie Mae said on Thursday it has significantly raised its 2004 estimate again because rates in that time slumped to levels that will jack up refinancings, boosting the creation of new home loans.
The new outlook calls for loan applications processed by lenders to total $2.43 trillion, up from a previous forecast of $1.9 trillion, but still down from last year's boom year.
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