2024 Forecast

MBA SVP and Chief Economist Mike Fratantoni’s reaction to the U.S. Commerce Department report on Q4 GDP bodes well for mortgage lending. He said:

In STRATMOR Group’s January Insights Report, Senior Partner Jim Cameron borrows from Abraham Maslow’s famed “hierarchy of needs” theory to offer mortgage lenders a real-world approach to shaping their strategies in 2024.

Now that 2023 is in the rear view mirror, it’s time to look ahead to 2024. PROGRESS in Lending got commentary from 13 top lending visionaries representing 10 different companies active in our space today, about what they think this year will be like. Here’s what they said:

The Fed’s decision to keep rates steady and possibly lower rates next year was welcomed by all in our industry, but what impact will this decision have on the bottom line of mortgage professionals really?