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Business Briefing / Real Estate

Bank group lifts forecast for loans

March 25, 2009|TIMES WIRE REPORTS

The Mortgage Bankers Assn. boosted its forecast for 2009 home-loan originations by $800 billion to $2.78 trillion as low interest rates spur homeowners to seek out new loans.

Refinancing will total $1.96 trillion in 2009 and purchase originations will increase to $821 billion, the group said.

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