Hopes Fading for 2024 Mortgage Rally

Mortgage Bankers Association and Freddie Mac expect only modest gains this year as the Fed clutches to high interest rates.

By Jim DuPlessis | June 27, 2024 at 02:00 PM

As the summer heat rises, the prospects for a big 2024 mortgage rally are melting.

Month by month, the Mortgage Bankers Association's forecasts for 2024 originations have diminished to half the gain they predicted a year ago.

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