Fannie Mae Expects Low Rates to hold through 2014!
Due to problems in Europe and the slowing of both the US and Chinese economies, consumer attitudes have plateaued after several months of improvment earlier this year. Fannie Mae’s economic Forecast released today sad that a lull in employment gains is particularly troubling, and the risks to growth have shifted to the side of slower growth.
Fannie Mae’s economists see a brightening housing picture with increased home sales and refinancing due to today’s all time low mortgage rates. They see that the Housing Industry will continue to improve over the next 2 years or more.
