Mortgage originations will surge 19% in 2024 as a recession will force rates down, MBA says
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Mortgage originations will jump next year, the Mortgage Bankers Association predicted.
• That's because a mild recession will prompt the Fed to ease interest rates, meaning lower mortgage rates.
• But home prices will still appreciate for the next three years due to low inventory.
Housing demand will rebound from this year's strained levels, after a mild recession pulls down…
This story from markets.businessinsider.com was posted on 2023-10-17 by @foresty.