“In the near term, we expect volatility to continue and expect rates to remain higher until there are clear signs that inflation is moderating or the economy falters under the weight of pending policy changes,” said Julian Evans, chief financial officer at Cherry Hill Mortgage Investment.
“The government’s being run by great people, they’re going to do great things going forward,” said Mat Ishbia, chairman and CEO of United Wholesale Mortgage.
The Federal Reserve remains on track to cut the federal funds rate only one time this year, according to Mike Fratantoni, an executive vice president and chief economist at the Mortgage Bankers Association.