Despite a tumultuous few weeks of economic news, Fannie Mae is projecting optimism for 2024 and 2025. What gives? In this episode of Today in Mortgages, Michael and Rich delve into the intricacies of the current economic climate and its implications for the mortgage and real estate industries. They explore various indicators and trends, providing valuable insights for professionals in the field. Here are some key points discussed:

• The temporary nature of recent fluctuations in interest rates.
• The significance of mortgage delinquencies as indicators of household stress.
• Insights into the growing utilization of buy now, pay later options among American households.
• Fannie Mae's expectations for softer economic news in the coming months.
• The potential impact on both buyers and sellers in the housing market.

Join Michael and Rich as they navigate through the complexities of the current market landscape, offering optimism and strategic perspectives for industry professionals. Tune in for valuable insights and actionable advice that can help you navigate the evolving mortgage and real estate landscape with confidence. Don't miss out on this enlightening discussion—listen to the full episode now!

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.