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 during the industry group’s annual conference in Nashville, Tenn.
“The upside of that potentially for the industry is, that’s the thing that’s likely going to bring rates down a little bit,” he added.
h/t Dismal-Jellyfish
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