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Tag: Professional Bodies

Mortgage bankers expect the 30-year rate to drop to 6.1% by the end of 2024

Mortgage bankers expect the 30-year rate to drop to 6.1% by the end of 2024

October 15, 2023October 16, 2023 · Breaking News

PHILADELPHIA — High mortgage rates are hammering home buyers, but expect rates to fall over the next year, one industry group says. Mortgage rates are over 7.5% as of…

Read more Mortgage bankers expect the 30-year rate to drop to 6.1% by the end of 2024
Mortgage industry group predicts recession next year, expects mortgage rates to come back down from 7%

Mortgage industry group predicts recession next year, expects mortgage rates to come back down from 7%

October 23, 2022October 23, 2022 · Breaking News

NASHVILLE, Tenn. — A mortgage industry group is expecting a recession to hit the U.S. economy. “We’re forecasting a recession for next year,” Mike Fratantoni, senior vice president…

Read more Mortgage industry group predicts recession next year, expects mortgage rates to come back down from 7%
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