Will 2024′s mortgage market be a meltdown or a money maker? Four predictions for next year
The economic vibe for 2024 is like a mixtape of bad songs: high inflation, elevated interest rates, wobbly home values, stricter regulations, rising unemployment and escalating loan defaults. This carnival of financial mayhem doesn’t sound like a great time to pour cash into mortgage companies. But if rates tumble as expected, 2024 could have some