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For mortgage professionals, the message is a familiar one: modest inventory relief may not be enough to overcome lock-in and softer borrower demand.
Bank of America’s 2027 mortgage forecast pegs total mortgage volume at $1.72 trillion, according to a HousingWire report published October 19, 2026. The report says the bank’s analysts are warning of a possible 2023-style housing replay, with the housing lock-in effect still weighing on the market even as supply shows modest improvement.
That matters for producing loan officers because a forecast like this points to another market where growth may have to be earned one borrower conversation at a time. If lock-in keeps owners from listing and demand fades at the same time, originators may be looking at a market that is larger than the trough years but still far from easy.