Figure 9: Total Mortgage Originations for 1 to 4 Family Units (in Bil. $), First Quarter 2000 to First Quarter 2013
Source: Mortgage Bankers Association (2013). http://www.mbaa.org/ResearchandForecasts/ForecastsandCommentary
Differentiating between purchase and refinance mortgages for the same time frame, the overall trend line for purchase mortgages has been negative and quite steep (see Figure 10 below), whereas the overall trend line for refinance mortgages has been negative yet almost flat (see Figure 11 on the next page). Figure 10: Purchase Mortgage Originations for 1 to 4 Family Units (in Bil. $), First Quarter 2000 to First Quarter 2013
Source: Mortgage Bankers Association (2013). http://www.mbaa.org/ResearchandForecasts/ForecastsandCommentary
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The State of Housing in Black America 2013