The ESR Group has upgraded its forecast for economic growth this year from 1.1% from 0.1%, according to a press release. “However, while noting that the probability of a ‘soft landing’ may have increased of late, the ESR Group continues to expect a modest recession beginning in the fourth quarter of 2023 or the first quarter of 2024,” Fannie Mae said.
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Navigating the Transition: The Shift in Mortgage Lending Rates The mortgage industry is witnessing a significant shift in lending rates, influencing both lenders and borrowers. This article explores the implications of these changes and strategies for adapting to new market conditions.
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Fannie Mae Maintains Forecast of Mild Recession
Fannie Mae’s Economic and Strategic Research Group has noticed the resiliency of the U.S. economy, but isn’t backing away from its recession projections just yet. So reports NEXT Mortgage News.
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