Mortgage Industry Encouraged by Fed’s Dovish Approach

HousingWire, Mar. 18, 2021–Tim Glaze
Mortgage Bankers Association Chief Economist Mike Fratantoni said Powell’s latest projections show that more members anticipate a first interest rate hike in 2023, even while the median member sees rates unchanged through that year. And even with mortgage rates likely to rise this year, MBA officials expect the purchase market to hit historically-high levels in 2021.
https://www.housingwire.com/articles/mortgage-industry-encouraged-by-feds-dovish-approach/