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Fannie Mae: Economy at a Crossroads
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You're Now Reading:
Fannie Mae: Economy at a Crossroads
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Fannie Mae: Economy at a Crossroads
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Mortgage Rates

October 18, 2011 (Shirley Allen)

Despite recent marginally positive economic trends, Fannie Mae’s Economics & Mortgage Market Analysis Group continues to gauge the odds of a recession by the end of next year at close to fifty-fifty.

According to Fannie Mae’s October 2011 Economic Outlook, the economy is stuck in a slow growth scenario with economic growth expected to be no greater than 2 percent through at least the end of 2012.

“In this type of environment, the housing market remains very sluggish and consumers’ willingness to dig into their savings to purchase big ticket items is very low,” said Fannie Mae Chief Economist Doug Duncan. “There’s been a little seasonal cyclical pickup in housing activity recently as spring and summer sales are generally stronger than fall and winter, but leading indicators point to housing sales bouncing near the bottom at least through the end of 2012.”

Fannie says the slow growth rate that is expected over that extended period of time makes the economy vulnerable to any economic shocks that could trigger another downturn.

Externally, the most likely event that could have an effect on our economic growth in the United States would be the ongoing debt crisis in Greece and the effect it would have on the other countries in Europe if Greece were to default.

Here at home, economic growth faces uncertainty as we steam towards the end of the year with the effects of the scheduled expiration of various tax cuts and unemployment benefits along with the impact of forthcoming regulations possibly contributing to a slowing in economic growth during the coming year.

The housing sector faces enormous challenges over the next year as the market adapts to new loan limits, Congress deals with the question of what is a qualified residential mortgage and the effects of its implementation and what Fannie Mae’s and Freddie Mac’s role in the residential housing industry should be.

Mortgage servicers are also expected to step up their foreclosure efforts which are likely to result in additional downward pressure on home prices as those foreclosures start to hit the market.

“Home prices are a key factor for any positive movement in the housing market, and the large inventory of distressed homes working their way through the market is putting downward pressure on prices. Now that we are entering a traditionally weak seasonal sales period, we expect home prices to show renewed declines after firming for several months,” Duncan stated.

Tags: Fannie Mae, economic crossroads, housing market, economic growth, housing activity, economic shocks, slow growth, mortgage servicers

Source:
Fannie Mae

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Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
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Rates

October 18, 2011 (Shirley Allen)

Despite recent marginally positive economic trends, Fannie Mae’s Economics & Mortgage Market Analysis Group continues to gauge the odds of a recession by the end of next year at close to fifty-fifty.

According to Fannie Mae’s October 2011 Economic Outlook, the economy is stuck in a slow growth scenario with economic growth expected to be no greater than 2 percent through at least the end of 2012.

“In this type of environment, the housing market remains very sluggish and consumers’ willingness to dig into their savings to purchase big ticket items is very low,” said Fannie Mae Chief Economist Doug Duncan. “There’s been a little seasonal cyclical pickup in housing activity recently as spring and summer sales are generally stronger than fall and winter, but leading indicators point to housing sales bouncing near the bottom at least through the end of 2012.”

Fannie says the slow growth rate that is expected over that extended period of time makes the economy vulnerable to any economic shocks that could trigger another downturn.

Externally, the most likely event that could have an effect on our economic growth in the United States would be the ongoing debt crisis in Greece and the effect it would have on the other countries in Europe if Greece were to default.

Here at home, economic growth faces uncertainty as we steam towards the end of the year with the effects of the scheduled expiration of various tax cuts and unemployment benefits along with the impact of forthcoming regulations possibly contributing to a slowing in economic growth during the coming year.

The housing sector faces enormous challenges over the next year as the market adapts to new loan limits, Congress deals with the question of what is a qualified residential mortgage and the effects of its implementation and what Fannie Mae’s and Freddie Mac’s role in the residential housing industry should be.

Mortgage servicers are also expected to step up their foreclosure efforts which are likely to result in additional downward pressure on home prices as those foreclosures start to hit the market.

“Home prices are a key factor for any positive movement in the housing market, and the large inventory of distressed homes working their way through the market is putting downward pressure on prices. Now that we are entering a traditionally weak seasonal sales period, we expect home prices to show renewed declines after firming for several months,” Duncan stated.

Tags: Fannie Mae, economic crossroads, housing market, economic growth, housing activity, economic shocks, slow growth, mortgage servicers

Source:
Fannie Mae

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

October 18, 2011 (Shirley Allen)

Despite recent marginally positive economic trends, Fannie Mae’s Economics & Mortgage Market Analysis Group continues to gauge the odds of a recession by the end of next year at close to fifty-fifty.

According to Fannie Mae’s October 2011 Economic Outlook, the economy is stuck in a slow growth scenario with economic growth expected to be no greater than 2 percent through at least the end of 2012.

“In this type of environment, the housing market remains very sluggish and consumers’ willingness to dig into their savings to purchase big ticket items is very low,” said Fannie Mae Chief Economist Doug Duncan. “There’s been a little seasonal cyclical pickup in housing activity recently as spring and summer sales are generally stronger than fall and winter, but leading indicators point to housing sales bouncing near the bottom at least through the end of 2012.”

Fannie says the slow growth rate that is expected over that extended period of time makes the economy vulnerable to any economic shocks that could trigger another downturn.

Externally, the most likely event that could have an effect on our economic growth in the United States would be the ongoing debt crisis in Greece and the effect it would have on the other countries in Europe if Greece were to default.

Here at home, economic growth faces uncertainty as we steam towards the end of the year with the effects of the scheduled expiration of various tax cuts and unemployment benefits along with the impact of forthcoming regulations possibly contributing to a slowing in economic growth during the coming year.

The housing sector faces enormous challenges over the next year as the market adapts to new loan limits, Congress deals with the question of what is a qualified residential mortgage and the effects of its implementation and what Fannie Mae’s and Freddie Mac’s role in the residential housing industry should be.

Mortgage servicers are also expected to step up their foreclosure efforts which are likely to result in additional downward pressure on home prices as those foreclosures start to hit the market.

“Home prices are a key factor for any positive movement in the housing market, and the large inventory of distressed homes working their way through the market is putting downward pressure on prices. Now that we are entering a traditionally weak seasonal sales period, we expect home prices to show renewed declines after firming for several months,” Duncan stated.

Tags: Fannie Mae, economic crossroads, housing market, economic growth, housing activity, economic shocks, slow growth, mortgage servicers

Source:
Fannie Mae

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.