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Fannie Mae: Higher Rates Will Keep Hurting Economy

Friday, Oct 20 2023
Lending
Written by  The Mortgage Leader

Fannie Mae researchers have projected that recent months’ quick runup in interest rates will probably continue to dampen future economic growth. So reports RISMedia.

Fannie Mae2 280x186According to the latest monthly commentary by the Fannie Mae Economic and Strategic Research Group, economic growth will slow substantially into next year.

“We expect the higher mortgage rate environment to continue to dampen housing activity and further complicate housing affordability into 2024," said Doug Duncan, chief economist at Fannie Mae. 

Read the full article from RISMedia.

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