Oklahoma mortgage lenders see more manageable levels ahead

Journal Record, The (Oklahoma City), Aug 29, 2003 by Matt Maile

As rates rise, the association projects mortgage originations for one- to four-family residential properties will decline from a projected $3.39 trillion in 2003 to $1.94 trillion in 2004. A big reason for the decline will be a drop in refinancing activity, which is expected to fall from a projected 68 percent of total business activity in 2003 to 43 percent in 2004 and 21 percent in 2005.