Virtual Economist is designed for the moments when the market changes, a planning conversation begins, or someone asks, “What could happen next?” Here are five relatable situations when its forecasts and scenario analysis can add useful context to the conversation.
You do not need to be an economist or data scientist to use Virtual Economist. Start with the business question in front of you, then explore how different economic assumptions may influence mortgage rates and market lock volume.
Your team is discussing budgets, capacity, or production expectations, and the conversation depends on assumptions about where the market may be headed. Use Virtual Economist to explore the current mortgage rate and market lock volume outlook and compare how potential outcomes may change under different economic assumptions.
“What does the baseline market lock volume forecast look like?”
An inflation report, Federal Reserve announcement, or other economic development has changed the conversation. Use Virtual Economist to adjust assumptions and explore how a different economic scenario may influence the mortgage rate or market lock volume forecast.
“What happens to mortgage rates if inflation remains elevated longer than expected?”
Leaders want more than a single projection. They want to understand the assumptions behind the outlook and how potential outcomes may differ. Use Virtual Economist to explore forecast drivers and bring scenario-based context into the discussion.
“What factors are contributing to the current mortgage rate forecast?”
One person expects rates to decline. Another believes inflation may remain elevated. Rather than treating either view as certain, use Virtual Economist to explore how different assumptions may affect the model's forecast and give the team a shared starting point for discussion.
“What does the interest rate forecast look like if inflation rises in the second half of the year?”
A colleague or stakeholder wants to understand the outlook and the factors behind it. Use Virtual Economist to explore visual forecasts and supporting context that can help make a forward-looking discussion easier to understand and share.
“What is the mortgage rate prediction for the next 12 months?”
Start with the question you are trying to answer.
Use Ask Obi to explore your company's historical data, metrics, and performance trends.
Use Virtual Economist to explore mortgage rate and market lock volume forecasts and evaluate potential outcomes under different economic scenarios.
Virtual Economist forecasts and scenario analyses are provided for informational and planning purposes only. Forecasts are model-driven and probabilistic, not guarantees of future performance. Virtual Economist provides forecasting and scenario modeling support but does not recommend rates, margins, staffing levels, production targets, business actions, or strategic decisions. Users should apply independent judgment and consider additional information when making business decisions.