Median Home Prices Set New Record High: What Does 2022 Look Like?

Benzinga, Dec. 22, 2021–Phil Hall
Looking ahead into 2022, the MBA expects total mortgage originations are expected to decrease to $2.61 trillion, with purchase originations aiming to set another record high at $1.74 trillion while refinance originations slide to $870 billion. Home-price growth is forecast to moderate to 5.1% while mortgage rates are expected to inch up and reach 4% by December 2022.