🏡 Mortgage Rate Outlook Update:
Fannie Mae forecasts mortgage rates could drop below 6% by late 2026 — the first time since 2022. Rates are expected to average 6.4% by year-end 2025 and 5.9% in 2026, signaling gradual relief for homebuyers.
While the drop may boost buyer sentiment, affordability remains tight as home prices and incomes play key roles. Fannie Mae also revised its 2025 and 2026 home sales forecasts slightly downward, reflecting ongoing market challenges despite signs of resilience in new-home sales.
Article: realtor.com
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