#economic-forecasts

#economic-forecasts

The average 30-year fixed mortgage rate sits at 6.19%, down from 6.54% a year ago. While that decline represents some welcome relief for homebuyers, economists at Fannie Mae and the Mortgage Bankers Association (MBA) believe most of the short-term mortgage rate relief is already behind us. Both Fannie Mae and the MBA released 2026 forecasts this month showing not much change from here.

Starmer emphasized that some figures concerning the public finances, particularly the projected shortfall, are not recognized by him and indicated a need to prioritize living standards.

In the face of potential tariffs impacting global trade, investors are gravitating towards defensive stocks as a safeguard against market instability.

The OECD has lowered the UK economic growth forecast for 2026 from 1.2% to 1% due to heightened trade tensions and elevated uncertainty.

Purchase applications increased by 11% week over week and 13% year over year, highlighting a significant rebound after three weeks of declines.

The advance estimates reveal a concerning contraction of the US economy at an annualized rate of 0.3% in Q1 2025, particularly troubling as it follows President Trump's initial 100-day milestone.