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MBA Raises Mortgage Forecast, For Now

The group also cites the coronavirus turmoil as it drops 2020 economic growth prospects to 0.6%

mortgage forecast going up Source: Shutterstock.

The Mortgage Bankers Association raised its forecast for mortgage originations this year, while cutting its forecast for economic growth, citing the economic turmoil around the coronavirus.

MBA Economist and Forecaster Joel Kan said Wednesday, the thin economic growth expectations could disappear quickly if conditions worsen, and the U.S. could fall into recession.

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Jim DuPlessis

Jim DuPlessis

A journalist for decades.

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