The Mortgage Bankers Association (MBA) is the United States national association representing all facets of the real estate finance industry. Its Headquarter is located in Washington, D.C.

MBA Economic Forecast

December 18, 2015

Percent Change, SAAR Q1 Q2 Q3 Q4

Real Gross Domestic Product 0.6 3.9 2.1 2.1
Personal Consumption Expenditures 1.8 3.6 3.0 2.9
Business Fixed Investment 1.6 4.1 2.4 2.7
Residential Investment 10.1 9.3 7.3 8.6
Govt. Consumption & Investment -0.1 2.6 1.7 0.9
Net Exports (Bil. Chain 2009$) -541.2 -534.6 -544.1 -540.8
Inventory Investment (Bil. Chain 2009$) 112.8 113.5 90.2 58.8
Consumer Prices (YOY) -0.1 0.0 0.1 0.4
Percent
Unemployment Rate 5.6 5.4 5.1 5.0
Federal Funds Rate 0.125 0.125 0.125 0.375
10-Year Treasury Yield 2.0 2.2 2.2 2.2



The Fed Funds Rate forecast is shown as the mid point of the Fed Funds range at the end of the period.

All data except interest rates are seasonally adjusted.

Forecast produced with the assistance of the Macroeconomic Advisers' model.

Contact address

Mortgage Bankers Association
1919 M Street NW, 5th Floor
Washington, DC 20036
(202) 557-2700
(800) 793-6222