Housing Losing Momentum -Fannie Mae

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Posted To: MND NewsWire

Fannie Mae says it expect economic growth will improve on its anemic performance in the first half of 2016 in the second half of the year, rising to 2.4 percent from 1.1 percent. This estimate in the company’s October Economic Developments Commentary is a slightly slower pace of growth than its economic and strategic research team had predicted earlier. Their full year forecast remains at 1.8 percent. Treasury yields have moved higher recently along with long-term sovereign yields in other developed markets as investors perceive the global central banks such as the European Central Bank and the Bank of Japan are tapering their quantitative easing programs. Financial markets also remain convinced that the Federal Reserve will increase the target rate this year, something supported by the Fed…(read more)

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