Estimated reading time: 0 minutes, 29 seconds

Fannie Mae Maintains Forecast of Mild Recession

Sunday, Jul 23 2023
Lending
Written by  The Mortgage Leader

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.

Fannie Mae2 280x186The 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.

Read the full article from NEXT Mortgage News.

Read 1714 times
Rate this item
(0 votes)
More in this category: « First American: "Home Sales Have Likely Already Bottomed" Bodnar of MMG: The Calm Before the Storm »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline