July 08, 2022

Mid-Year Economic Forecast Projections with Dan Habib

19 minutes

Get ready for some enlightening statistics and predictions from one of our favorite returning guests, Dan Habib. As Executive Vice President at MBS Highway, Dan is always up on the latest trends, numbers, stats, and industry directions. Dan tells us about the likely recession that may hit as soon as Q4 of this year or early 2023, and how inflation, fed rate hikes, unemployment, housing supply and demand, and more will affect our industry over the next 6-12 months. Don’t let the negative attention-grabbing media headlines upset you. Use Dan’s real information and past trends to help your clients and borrowers navigate the reality of today’s market by being well-informed.

MBS Highway provides daily market insight videos, real estate data, live market quotes, alerts to lock/float ahead of lender re-prices, loan comparison tools, cost of waiting analysis, debt consolidation tools, and much more. MBS Highway turns mortgage professionals into advisors that understand what is driving interest rates, are able to articulate the financial opportunity in housing, and are actual ‘debt managers.’ Surprisingly, most mortgage professionals are not able to do these things.

Lending Forward is a weekly podcast hosted by Taylor Ellard and powered by Atlantic Bay Mortgage Group. We bring you raw stories from real people in the mortgage industry. We're covering what's next in lending, forward-thinking, and reflecting on lessons learned from Mortgage Bankers, Realtors, Financial Advisors, Coaches, and more! How are you lending it forward?

Founded in 1996, Atlantic Bay Mortgage Group® is a privately owned mortgage lender headquartered in Virginia Beach, Va. Atlantic Bay has been recognized as a Top 100 Mortgage Company in America, Best Mortgage Company, Most Enjoyable Place to Work, and an Inc. 500 Fastest Growing Company.

Discussion Points:

Where are we headed? Keep an eye on the GDP

Watch the unemployment rate, if it ticks up, we’ll probably have a recession

The 2-year vs. 10-year yield curve

The inflation rate and fed response

Negative media constantly announces a ‘housing bubble’ that doesn’t happen

Supply and demand statistics in the U.S. housing industry

What message should agents be sending to clients right now?

Don’t wait to buy, but structure loans for refi in 12 months

Resources/Links:

MBS Highway Website

Dan Habib LinkedIn