What a difference a few months can make.
When Mortgage Bankers Association (MBA) Chief Economist Mike Fratantoni spoke at MBA’s annual conference in October, the economic message was one of a growing purchase market and continuing low-rate environment that might slowly rise as 2017 went along.
Speaking at the MBA Independent Mortgage Bankers Conference in Palm Springs, Calif., last week, Fratantoni’s message was markedly different. Read on for the latest details on MBA’s outlook for the year.