2027 mortgage originations to fall 5% to $2.101 trillion, MBA forecasts

$2.101 trillion in new U.S. mortgages in 2027, down 5%, the Mortgage Bankers Association forecast Oct. 11, 2026. With rates stuck above 7%, refinancing stays out of reach and buyers face stretched affordability. I see no rebound in home resales until coupons — the rates on existing loans — fall and stay lower.