Hotter inflation keeps mortgage rates higher, but housing inventory building: Fannie Mae
Fannie Mae has said that if inventory builds up and borrowing rates remain high for an extended period, home prices could fall. (iStock) With interest rate cuts further away, there is no end in sight for high borrowing costs. Still, a surge in housing inventory could give buyers more options, Fannie Mae said in a […]
Mortgage rates to stay above 6% through 2025, Fannie Mae says
Zillow economists warn that 7% mortgage rates could become the new normal, Kevin Mahn, president and CIO of Hennion & Walsh Asset Management, said on The Big Money Show I reacted to that. Fannie Mae raised its outlook for mortgage rates just a month ago, saying rates will remain high for longer than previously thought […]
Homebuyers feel good about where mortgage rates are headed: Fannie Mae
For the first time in two years, homebuyers feel positive about mortgage rates. (iStock) Consumers’ optimism about buying a home is at its highest level in nearly two years, thanks to stable employment and easing mortgage rates, according to a Fannie Mae survey. Major mortgage lenders in January Home Purchase Sentiment Index® (HPSI) It rose […]