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Mortgage Industry Preparing Itself for More Real Estate Doldrums in 2019

Mortgage Industry Preparing Itself for More Real Estate Doldrums in 2019

"We've seen periodic worries that they'd be moving much higher—both short-term with the Fed continuing to remove the stimulus they put in previously and also with the long-term. Earlier in the year, the inflation rates had moved above the Fed's target but for the past six months the core personal consumptions expenditures deflator has been running at about 1.5%," said Schnure. "That means the Fed doesn't need to be aggressive. The current market pricing suggests about 50% chance of just one more increase next year. That's a pretty benign interest rate outlook."

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