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Federal Reserve’s ‘tapering’ plan will open up space in the secondary market

Housing Wire

The Federal Reserve in September signaled that it plans to begin unwinding, or tapering, its nearly $8 trillion portfolio of mortgage-backed securities (MBS) and Treasury holdings as early as November, assuming the economy stays on track as expected. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis.

Marketing 339
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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

The main takeaway from Mortgage Bankers Association forecast is that we see 2022 as a transition year, moving from a refinance market to a purchase market. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations. Will we really move into a purchase market next year?

Mortgages 458
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Originators gear up for the purchase market

Housing Wire

This article is part of our HousingWire 2022 forecast series. Notably, the Federal Reserve said it would begin tapering its asset purchases starting in November. The name of the game in 2022 will be purchase mortgages, which the MBA projects will grow 9% to a record $1.725 trillion.

Marketing 429
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The Full Measure with Kevin Hecht: Economic Recap May 2023

McKissock

4% and slowing service sector demand, the Federal Reserve is expected to halt interest rate increases, considering financial stability concerns and the ongoing debt ceiling standoff. Housing costs, expected to rise until midyear before tapering off, grew by 0.2% Get tips and insights in this article. monthly and 4.9%

Banks 73