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Mortgage Demand and Market Growth
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Despite a drop in interest rates, mortgage demand has declined. The MBA anticipates a mild recession but expects growth in the housing market, with an 18% increase in mortgage origination volume to $2 trillion in 2024.
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How might the decline in mortgage demand impact the overall economy?
What factors could contribute to the growth in the housing market despite a mild recession?
What measures can be taken to address the potential decline in mortgage demand?
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