Mortgage industry executives are closely monitoring the ongoing global stock-market turmoil sparked by concerns over the Federal Reserve’s handling of the federal funds rate and its potential impact on the U.S. economy. The fear of the economy slipping into a recession is looming large, causing alarm within the industry as stakeholders brace for potential challenges ahead.
Key points from the text include:
– Mortgage industry executives on high alert amidst global stock-market meltdown
– Concerns arise over Federal Reserve possibly maintaining federal funds rate too high for too long
– Fears of U.S. economy slipping into a recession prompting industry stakeholders to prepare for potential challenges ahead.
You can read this full article at: https://www.housingwire.com/articles/mortgage-execs-alert-mode-lower-rates-side-effects/(subscription required)
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