What’s the Daily forcast?

By Danielle Hale, Research Economist 

Daily Forecast Update

• NAR’s monthly official forecast as of February 2nd
• GDP 2010 Q1: +2.1% ↑
• GDP 2010 Q2: +2.0%
• GDP 2010 Q3: +2.4%↓
• Unemployment rate by the mid-2010: 10.2%
• Average 30-year fixed mortgage rate by mid-2010 2009: 5.4%

Economists’ Outlook: Daily Forecast Update, February 23, 2010