[Dri-devel] 50% decrease in Consumers Supply of Cash forecasted for the coming year, by the Mortgage Bankers Assn., Fannie Mae, and Freddie Mac

[lochard]

The Mortgage Bankers Assn., Fannie Mae, and Freddie Mac are forecasting a 50% decrease in Consumers Supply of Cash for the coming year. 

The  50% decrease in Consumers cash supply is based on less refinancing, raising interest rates, house-price appreciation slows, the number of potential borrowers shrinks, and consumers worry about their jobs.   From Bloomberg News and Los Angeles Time

 

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