Fannie Mae Tuesday predicted that the economy will cool next year as consumer spending slows, but mortgage activity will remain strong because of refinancing.

Mortgage markets are likely to "continue to power ahead at levels that are quite outstanding," David Berson, vice president and chief economist said at an annual presentation on the outlook for the economy and mortgage markets.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.