Items Tagged with 'Mike Fratantoni'

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  • Recession fears diminish as the nation approaches a Goldilocks economy

    This is what experts say Q1's GDP growth means for the nation's economy
    For months, several reports indicated the U.S economy was quickly approaching what many feared to be a recession. However, Friday’s Gross Domestic Product report produced by the Bureau of Economic Analysis signaled the economy was strengthening. So, why are economists citing Goldilocks?
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  • U.S. economy rebounds, exceeding market expectations

    Economy grew 3.2% in the first quarter, signaling strong start to 2019
    Gross Domestic Product reversed its course in in the first quarter of 2019, according to the advanced estimate from the Bureau of Economic Analysis. Mortgage Bankers Association Chief Economist Mike Fratantoni said although this advance estimate is subject to revision, if it holds up, this faster growth should continue to provide strong support for the job and housing markets.
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  • MBA: Mortgage applications fall as mortgage rates tick up

    The Market Composite Index retreats 5.6%
    In what may be a sign of just how sensitive borrowers are to fluctuations in mortgage rates, the Mortgage Bankers Association revealed mortgage applications declined further for the week ending on April 5, 2019, following a slight uptick in mortgage rates.
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  • MBA: Rising mortgage rates put a damper on application volume

    Applications for 30-year fixed rate rise 2.5%
    Mortgage applications took a tumble for the week ending Mar.1, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Senior Vice President and Chief Economist Mike Fratantoni said slightly higher mortgages rates last week led to a decrease in application volume.
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  • MBA: More Americans are applying for mortgages as interest rates stabilize

    Applications for 30-year fixed rate rise 5.3%
    Mortgage applications rose again for the week ending Feb. 22, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Senior Vice President and Chief Economist Mike Fratantoni said homebuyers are responding favorably to a more stable interest rate environment.
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  • U.S. economy adds 304,000 jobs in January

    Wages for private non-farm payrolls rise to $27.56
    The unemployment rate rose to 4% in January, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. MBA Chief Economist Mike Fratantoni said although the partial government shutdown may have temporarily increased the unemployment rate, this pace of job creation will continue to support higher wages, which will likely support strong housing demand.
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  • [Video] MBA chief economist on what to watch for in mortgage lending in 2018

    The future of rates and mortgage volume
    With next year almost here, the Mortgage Bankers Association gave their annual forecast on what they predict to happen in 2018 and beyond. MBA's Mike Fratantoni, chief economist and senior vice president of research and technology, took a break during the association's annual convention and expo in Denver to sit down and chat with HousingWire about the forecast
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  • MBA: 30-year mortgage rate predicted to hover around 4%

    Refinance applications salvage mortgage lending
    Get used to low mortgage rates because they are not expected to go away anytime soon. Mike Fratantoni, chief economist for the Mortgage Bankers Association, in a press conference at the MBA Secondary conference in New York City, gave insight on how the MBA expects the mortgage market to look moving forward.
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