MReport December 2019

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT FINAL THOUGHTS What Does 2020 Have in Store? From housing inventory, economic growth, and single- family zoning, there are several challenges awaiting the industry as a new decade draws near. "expected slowdown in refinancing" Joel Kan, the Mortgage Bankers Association's Associate VP of Economic and Industry, Forecasting discusses how mortgages staying around 4% have caused a slowdown in mortgage applications. "Now may be the last chance." Redfin Chief Economist Daryl Fairweather on the prospects of buying a home without a bidding war to begin the new year. "solid, if not spectacular, growth" Fannie Mae SVP and Chief Economist Doug Duncan on what he expects heading into 2020. "a clear desire" Joe Mellman, SVP and the Mortgage Business Leader at TransUnion, discussing the mindset of millennials wanting to enter the housing market. "adequate supply of inventory" The National Association of Realtors Cheif Economist Lawrence Yun says sales will continue to climb as more options becoming available.

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