Fannie Mae revises economic forecast downward for next two years

In the company’s December Economic. Fannie Mae is forecasting that rates will rise to 4.2 percent by this time next year, up from the average 3.8 percent in the fourth quarter of 2016. This is 50.

In fact, they said that by the end of next year, rates could increase at least 1.75% to 2%. Goldman Sachs previously predicted GDP growth at 2.25%, however after the Brexit vote, the company revised.

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Fannie Mae Holds 2019 Forecast Steady at 2.2 Percent Growth and One Fed Rate Hike PR Newswire 8:00 AM ET The Fannie Mae Economic and Strategic Research (ESR) Group in its February forecast update is maintaining its prediction for 2.2 percent full-year growth in 2019, down from 3.1 percent in 2018. A smaller boost from previously

WASHINGTON, Feb. 21, 2019 /PRNewswire/ — The Fannie Mae Economic and Strategic Research (ESR) Group in its February forecast update is maintaining its prediction for 2.2 percent full-year growth.

Fannie Mae’s Economic and Strategic Research group (esr) predicts full-year 2019 and 2020 U.S. economic growth of 1.5%, down from Fannie Mae’s previous prediction of 2.1%. The GSE cites.

Fannie Mae is backing down slightly on its economic forecast for the remainder of 2018. The first quarter GDP growth of 2.3 percent was the slowest in a year, down from 2.9 percent a year earlier. Following more than two years of. will increase in the next 12 months, down from 74 percent in the previous year.

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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

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 Matthew Classick 202-752-3662

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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.