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Mortgage rates expected to fall to 5.4% by late 2023, banking group projects

Por: CNN Business October 25, 2022

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CNN  —  After more than doubling this year, mortgage rates are expected to retreat in 2023, according to an updated forecast from the Mortgage Bankers Association. MBA’s economists also said they expect the US to enter into a recession in the first part of next year that will be driven by tighter financial conditions, reduced business investment and slower growth globally. That will, in turn, push the unemployment rate up from its current... + full article



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