The Mortgage Bankers Association is expecting a recession to hit in 2023, and expects rates to fall to 5.4% by the end of next year. “We’re beginning to see some significant signs of softening in the labor market,” “I do expect the next couple of months are gonna be a pretty abrupt transition.”
via Marktwatch: NASHVILLE, Tenn. — A mortgage industry group is expecting a recession to hit the U.S. economy. “We’re forecasting a recession for next year,” Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association, said Sunday …