Fannie Mae Raises Mortgage Rate Forecast to 7.5% Through 2027

Fannie Mae has dramatically revised its mortgage forecast, now predicting rates will remain around 7.5% through the end of 2027. The agency is also cutting its expectations for mortgage lending as inflation and higher borrowing costs continue to weigh on the housing market. Kathy Fettke breaks down what's behind the shift, what it means for homebuyers and real estate investors, and why waiting for lower rates may not be the best strategy.

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Source: https://www.scotsmanguide.com/news/fannie-mae-slashes-origination-forecast-by-18-for-2027/