Fannie Mae chops outlooks for housing in 2014, 2015
Imagine how if the US GOVT gets rid of Fannie and the 30 year mortgage is removed or the interest rates rise by as much as 3% without fannie around, how well will the delicate housing market be then? God help us all.
VOTE them out, Get real thinkers in that dont have their hands in the banks pockets. The court is more powerful than the executive or the legislative, rowe vs wade.
Rising mortgage rates, bad winter weather and consumer “conservatism” are all hitting the housing market,
Doug Duncan, Fannie’s chief economist.
“With respect to housing’s contribution to growth this year, we have downgraded our outlook following the disappointing housing activity seen during the first half of the year,” Duncan said. “We currently estimate that 2014 will finish lower in total sales figures than 2013 – and that 2015, while stronger than 2013 and 2014, will not be the breakout year some are expecting.”