Fannie Mae's Economic & Strategic Research Group says mortgage rates likely to experience competing 'flight to quality' and fed-tightening pressures.
Tagged: Fannie Mae
Latest quarterly survey by Fannie Mae finds more lenders expect profits to decrease this year.
Concerns over rising housing purchase prices and interest rates.
Sharifa A. Anderson will also serve as a senior vice president.
Freddie Mac survey finds rates had fallen slightly over the past week; economists say conflict one reason for that.
Rising rates, omicron variant, and the weather cited as curbing sales; downward pressure on rates seen as Russia-Ukraine conflict rages.
Its Economic & Strategic Research Group says rising mortgage rates and even higher home prices will limit affordability.
For the full year, Fannie Mae reported net income of $22.2 billion, an 88% increase from $11.8 billion for all of 2020.
Fannie Mae's Home Purchase Sentiment Index slipped by 2.4 points to 71.8 in Jan. 2022.
Fannie prices $1 billion Multifamily DUS REMIC, Freddie prices $685 million Multifamily When-Issued K-Deal.