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“The housing market is reeling from the hit to affordability from the spike in mortgage rates and much higher home prices. While these data don’t promise any near-term relief on rates, the strong job market will continue to support housing demand as household incomes continue to grow at a brisk pace.”
–MBA Chief Economist Mike Fratantoni.

MBA Advocacy Update Sept. 6 2022

On Wednesday, FHFA announced that it would begin a comprehensive review of the Federal Home Loan Bank System this fall. And HousingWire published a guest column penned by MBA’s Mike Fratantoni, Marina Walsh, CMB, and Joel Kan that looks at industry employment levels in the current and forecasted mortgage market environment.