Mortgage Group Predicts Continued Economic Growth for 2006 - 2006-01-26
Economic growth is expected to stay robust at 3.5 percent this year, with moderate, below-trend growth of 3.3 percent for next year, predicted key players of The Mortgage Bankers Association. For industry specific forecasts, residential refinance loans will drop by approximately 40 percent this year, spurring refinance mortgage activity.
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