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Fannie Mae revises economic forecast downward for next two years

Fannie Mae Holds 2019 Forecast Steady at 2.2 Percent Growth and One Fed Rate Hike But the Fed’s Dovish Shift Is Expected to Help Housing and Broader Economic Conditions

Two crossed lines that form an ‘X’. It indicates a way to close an interaction, or dismiss a notification. REUTERS/Brendan McDermid Credit rating agency Standard & Poor’s has revised up its outlook.

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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-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.

However, the forecast continues to expect refinance volumes to decline over the next two years. The forecast calls for overall economic growth to decelerate this year to 2.2 percent, down from last year’s estimated 3.1 percent. The prediction is based on the expectation that the impact of the fiscal stimulus will fade.

Fannie Mae issued a new forecast that predicts the average U.S. rate for a 30-year fixed mortgage will be 3.7% in the second half of 2019, down from the 3.9% the mortgage financier called for a.

Economy Watch Weekly: US Economic Growth to Slow in 2019 Fannie Mae’s Economic and Strategic Research Group recently revised down its forecast for U.S. economic growth in 2019 and beyond.

Fannie Mae downgraded its forecast for U.S. economic growth, citing a ratcheting up of trade tensions, and said 2020 will see the worst economy in more than a decade.

Fannie Mae revises economic forecast downward for next two years – Fannie Mae has revised its economic forecast downward. trade tensions are causing uncertainty for investors and driving mortgage rates downward. NEXT: Most expensive homes sold in Houston May 2019.