As we delve into the new year, many wonder what lies ahead in the mortgage industry. According to one mortgage lender, we can expect declining originations, rising interest rates, and fewer mortgage professionals. Residential mortgage origination volume will decline 24 percent this year, largely driven by significant declines in refinances, according to Total Mortgage Services, LLC. The mortgage lending company foresees a 16 percent rise in purchase originations offset by a sharp decline in refinances.

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http://www.themreport.com/articles/will-2013-bring-declining-originations-and-rising-interest-rates-2013-01-08