#MBACREF23: Ferguson Sees Mild(er) Recession Ahead

SAN DIEGO–Economist, corporate executive and former Federal Reserve Vice Chairman Roger Ferguson thinks any possible recession this year will likely be short and shallow.

MBA Chart of the Week Jan. 13, 2023: Mortgage-Treasury Spread

This week’s MBA Chart of the Week looks at the spread of mortgage rates relative to Treasury yields. This has been one of the more puzzling aspects of the current environment and a contributor to the rapid rise in mortgage rates over the past year.

Home Buyers on Budget Stand to Lose Big as Mortgage Rates Rise

Should mortgage interest rates go higher—and the Mortgage Bankers Association predicts they will hit 4% by the end of the year—home buyers on a fixed budget stand to lose some economic power, said Redfin, Seattle.