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July Mortgage Outlook: A Rate Drop, or More of the Same?
The Mortgage Bankers Association predicts that mortgage rates won't change much over the next three months. The trade association forecasts that the 30-year mortgage will average 6.8% from July through September, about the same as the average from April through June.
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Fannie Mae makes crucial update to 2025 mortgage rate forecast - MSNIn February, Fannie Mae shockingly revised its mortgage rate forecast, estimating that rates would average nearly 7% by the end of this year and 6.5% by year-end 2026.
Fannie Mae also lowered its forecast for mortgage rates. The 30-year fixed-rate mortgage rate is now projected to end 2025 at 6.1% and decline further to 5.8% by the end of 2026.
Lower Rates Are Primary Driver. The upward revisions come partly because Fannie Mae expects mortgage rates will be lower. The company forecasts rates will end 2025 at 6.1% and 2026 at ...
The forecast for mortgage rates is clouded by policy uncertainty, but the general consensus is that the 30-year fixed rate will stay between 6.5% and 7%, ... 2027 Forecast (Revision) ...
This upward revision in mortgage rates is the key factor behind Fannie Mae’s updated outlook, which anticipates a decline in home sales to 4.71 million in 2024—down from the previous ...
Fannie Mae's Home Purchase Sentiment Index was also near a record low in July, revealing signs of consumers' frustrations. The ESR Group downgraded its home sales forecast to 4.78 million in ...
Fannie Mae's June housing outlook was down from a month ago, reflecting expectations of a further slowing housing market.
Fannie Mae’s Housing Forecast for August predicted that rates would fall slowly through the second half of the year. It forecast an average rate of 6.6% for the third quarter and a 6.4% ...
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