The U.S. economy appears to be on firmer footing than previously thought, mortgage rates are forecast to end 2024 at 6% and home-price growth is also on the move.

These are conclusions drawn by economists at Fannie Mae‘s Economic and Strategic Research (ESR) Group. They’re now projecting gross domestic product (GDP) growth to fall from 3.2% in 2023 to 2.3% in 2024 and 2% in 2025. In June, the ESR Group projected GDP growth of 1.6% in 2024 and 1.9% in 2025.

“The improved economic outlook stems in large part from details ⇒

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