MBA Research Roundup June 2023

Each month, MBA Research releases a roundup of recent data, activities and other pertinent developments crucial to the real estate finance industry.

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Now Available: June 2023 MBA Mortgage Finance and Economic Forecasts.

MBA Research Spotlight

Federal Reserve Maintains Federal Funds Rate
On June 14, the Federal Reserve, in its ongoing efforts to slow inflation, held the federal funds rates at a target range of 5.00-5.25%.

  • The FOMC said, “Holding the target range steady at this meeting allows the Committee to assess additional information and its implications for monetary policy. In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.”
  • MBA’s SVP and Chief Economist Mike Fratantoni noted, “Inflation is coming down, but slowly. Multiple indicators suggest the economy here and abroad, will slow significantly in the near term, but the job market continues to appear resilient in the most recent data. With this muddled picture, it is not surprising that the FOMC held rates steady at its June meeting – but kept their options open for July and later this year. Nevertheless, we expect that the Fed is at the top of its rate hiking cycle.”

For more information, contact Mike Fratantoni at (202) 557-2935.

Recent MBA Data/Releases/Commentary

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MBA Speaking Engagements:

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Upcoming MBA Speaking Engagements

  • July 13, 2023: FHFA Speaker Series – Jamie Woodwell
  • July 18, 2023: American Legal and Financial Network (ALFN) 21st Annual Conference – ANSWERS – Marina Walsh
  • July 24, 2023: Corelogic’s CoreConnect Fast Forward – Mike Fratantoni
  • July 26, 2023: Deephaven Mortgage – Mike Fratantoni

What MBA Research is Reading

MBA Research in the News

June Charts of the Week (Our favorite from this month is shown below:)

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Recent MBA Research Blogs/Videos

CREF Market Intelligence Blog

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