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.
-
The Shift in Mortgage Lending Amid Rising Interest Rates Explore the current trends and challenges in mortgage lending amid rising interest rates. Learn how lenders and borrowers are adapting to the changing landscape.
Estimated reading time: 0 minutes, 29 seconds
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.
MOST READ STORIES
Fast,Easy & Free
