Fannie Mae makes crucial new update to 2025 mortgage rate forecast
Mortgage rate expectations for the next two years have faltered again, leaving homebuyers with lingering questions.
When inflation surged in 2022, the Federal Reserve raised pastime rates to amplify the associated rate of borrowing and deter spending. The federal funds rate and mortgage rates remained elevated for years while the Fed worked to suppress inflation, till Fed chair Jerome Powell unveiled plans for fixed rate cuts closing September.
Economists and housing specialists anticipated mortgage rates to apply swimsuit and drop as pastime rates decreased, but economic uncertainty, unsafe financial markets, and a precarious political climate own stored rates high.
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