Fannie Mae makes crucial update to 2025 mortgage rate forecast
Homebuyers may see housing market relief sooner than anticipated.
When the Fed began slicing hobby charges in September, many economists and housing consultants expected mortgage charges to fall in tandem. Alternatively, months of political and financial uncertainty and perilous financial markets grasp put upward stress on mortgage charges.
Initial projections anticipated mortgage charges would tumble underneath 6% by the pause of 2025. Alternatively, Fannie Mae revised its forecast several times to element in Fed hobby price modifications, inflation, housing sentiment, and total market uncertainty.
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