Forecast & Outlook
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Outlook | May 16, 2024
U.S. Economic, Housing and Mortgage Market Outlook – May 2024
Mortgage rates rose above 7% in April and these higher rates slowed the housing market with declines in home sales and new construction. More
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Outlook | April 18, 2024
U.S. Economic, Housing and Mortgage Market Outlook – April 2024
Housing demand is on the rebound, but with mortgage rates still averaging 6.8%, many prospective homebuyers continue to be priced out of the market. More
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Outlook | March 20, 2024
U.S. Economic, Housing and Mortgage Market Outlook – March 2024
While the U.S. economy remains robust, inflation pressure continues, which could keep mortgage rates higher for longer. More
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Outlook | February 26, 2024
U.S. Economic, Housing and Mortgage Market Outlook – February 2024
The housing market continues to feel the impact of higher mortgage rates with home sales at multi-decade lows and starts declining over 2023. Robust demand and a lack of supply have led to a reacceleration in house prices. More
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Outlook | January 22, 2024
Economic, Housing and Mortgage Market Outlook – January 2024
While the economy continues to expand and added 2.7 million jobs in 2023, signs point to a normalization in the labor market as job growth is expected to moderate in 2024. More
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Outlook | December 20, 2023
Economic, Housing and Mortgage Market Outlook – December 2023
Bolstered by resilient consumer spending and investment, the U.S. economy expanded in 2023, defying expectations of a recession. More