Fannie Mae revises economic forecast downward for next two years

Fannie Mae said it is sticking with its forecast for 2.0 percent economic. down to 1.4 percent. Fannie Mae now expects the Fed to announce its policy to taper the balance sheet in September and.

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.

Opinions, analyses, estimates, forecasts and other views of Fannie Mae’s Economic & Strategic Research (ESR) Group included in these materials should not be construed as indicating Fannie Mae’s business prospects or expected results, are based on a number of assumptions, and are subject to change without notice.

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.

of they year," Fannie Mae’s Economics & Mortgage Market Analysis Group said in its June Economic Outlook. The mortgage giant also revised down it projections for the 30-year fixed mortgage rate, which it now expects to remain below 5% through the second half of 2012. The housing forecasts show the 30-year mortgage at 4.8% at the end

If not for the Bush tax cuts, the deficit-financed wars in Iraq and Afghanistan, Fannie Mae and Freddie Mac, the two government-sponsored enterprises. The recession battered the budget, driving down tax revenues and swelling. in 2009 through 2011 and slightly smaller amounts in subsequent years.

Despite economic growth taking. path in Q2 and by the end of the year achieve the level of Fannie Mae’s original forecast for the full year of 2015, which was an annualized rate of 2.6 percent.

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The current housing market downturn weighs on the economy in four. such as Fannie Mae and Freddie Mac.. ter of 2008, home prices on a year-on-year basis were down 15.4 percent. to use market prices to forecast credit losses, and the market then relied on. three years, for a fourfold increase over two years. In that.