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Fannie Mae revises economic forecast downward for next two years

Fannie Mae News Service from EIN News. Instant View: U.S. job growth surges, but wage growth remains tepid (Reuters) – U.S. job growth rebounded strongly in June, but moderate wage gains and mounting evidence that the economy was slowing sharply could still encourage the Federal Reserve to cut interest rates this month.

Fannie Mae. fannie mae revises economic forecast downward for next two years. houstonchronicle.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.

Fannie Mae lowers mortgage rate forecast and says home-price growth will accelerate 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 month ago.

The Fannie Mae Economic and Strategic Research Group again revised upward its full-year 2018 economic growth forecast to 3.0% – from 2.8% in the prior forecast – on expectations that third and.

The revised monthly forecast from the National Association of Realtors, which followed nine straight months of downward revisions. prices through next year and beyond and emphasize that those.

Key to a well-functioning housing market are the policies of Fannie Mae and Freddie Mac. The two government-sponsored enterprises, operating in.. with scores below 700 and a 40% down.. the MIs to use only one year of future premi-. frequently testifies before Congress on topics including the economic outlook, the.

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According to the Fannie Mae Economic and Strategic Research (ESR) Group’s March 2018 Economic and Housing Outlook, the full-year 2018 forecast of real GDP growth by one-tenth to 2.8 percent, while the full-year 2019 forecast by two-tenths to 2.5 percent.Fannie Mae also downgraded its first quarter forecast from 2.7 percent to 2.2 percent, blaming the drop on slowdowns in housing activity and.

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. The mortgage giant revised its projection for GDP growth to 1.5% for next year, which would be the worst performance since a 2.5% contraction in 2009, according to data from the Bureau of Economic Analysis .