Fannie Mae revises economic forecast downward for next two years
Fannie Mae is backing down slightly on its economic forecast for the remainder of 2018. The first quarter GDP growth of 2.3 percent was the slowest in a year, down from 2.9 percent a year earlier. Following more than two years of. will increase in the next 12 months, down from 74 percent in the previous year.
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Fannie Mae. Fannie mae revises economic forecast downward for next two years. chron.com – R.A. Schuetz. Fannie Mae has downgraded its economic forecast for 2019 and 2020. The mortgage finance company lowered its predictions for economic growth to 2.1.
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· Fannie Mae Mortgage Rate Prediction. When looking at a longer period you can see that the differences between the two forecasts are much larger. Once again, the MBA sees a gradual increase through 2019 until mortgage rates reach 5.4%. Fannie Mae sees rates increasing very moderately, reaching 4.5% by the end of 2019.
"Global economic uncertainty and a range of regulations that could affect the availability of CRE financing remain wildcards." The revised forecast calls for commercial/multifamily mortgage debt outstanding to continue to grow in 2016, ending the year at $2.9 trillion, more than 3 percent higher than at the end of 2015.
Fannie Mae increased its mortgage origination forecast as lower interest rates, driven by economic uncertainty, will lead to more refinance activity, but other factors will continue to.
· Turning to our economic outlook, we continue to project that economic growth will slow this year with GDP growth projected to cause 2.2% since 2019 from 30% in 2018.
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-Now Sees 30-Year Fixed Mortgage Rate Below 5% Through Q1 2012 By Yali N’Diaye WASHINGTON (MNI) – Fannie Mae Monday revised down its estimates for both home prices and growth in the United.
The Fannie Mae Economic and Strategic Research Group revised upward its full-year 2018 economic growth forecast to 3.0 percent – from 2.8 percent in the prior forecast – on expectations that third and fourth quarter inventory restocking will outweigh slowing consumer spending growth and a decline in net exports, according to its August 2018 Economic and Housing Outlook.
The Fannie Mae Economic and Strategic Research Group again revised upward its full-year 2018 economic growth forecast to 3.0% – from 2.8% in the prior forecast – on expectations that third and.