Shrinking Mortgage Market Could Cost California Economy $2.3 Billion a Year

Shrinking Mortgage Market Could Cost California Economy $2.3 Billion a Year
A house for sale in Irvine, Calif., on Sept. 21, 2020. John Fredricks/The Epoch Times
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Commentary

Mortgage originations tied to refinancing activity in the U.S. are expected to plummet 76 percent from 2020 to 2022, according to a recent projection from the Mortgage Bankers Association (MBA).

Tim Shaler
Tim Shaler
Author
Tim Shaler is a professional investor and economist based in Southern California. He is a regular columnist for The Epoch Times, where he exclusively provides some of his original economic analysis.
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