On The Market
Fannie Mae Sharply Raises 2027 Mortgage Rate Forecast
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Is there any relief coming next year for mortgage rates? According to Fannie Mae’s new 2027 mortgage rate prediction…it’s not looking too good. Previous mortgage rate forecasts predicted 6.7% rates throughout 2027. But with inflation running rampant again, a low-rate future looks less and less likely.
It’s already getting cold, and the housing market is starting to freeze in more ways than one. The latest inflation numbers were an unpleasant surprise—hotter-than-expected CPI (Consumer Price Index) and producer prices rising beyond expectations. The result? Higher mortgage rates, arguably locked in for longer. And the Fed can’t fix this one.
Buyers are dropping off in major markets, but sellers aren’t seeing it clearly. With inventory down, some sellers are getting hopeful that there are fewer houses to choose from…but not when pending sales are down double digits. Finally, we’ll touch on the housing market crash that already happened, and how everyone missed it.
In This Episode We Cover
Newest inflation numbers and whether they will force something to “break”
Fannie Mae’s updated mortgage rate forecast (any hope for lower rates?)
Sellers are getting the wrong signals: Why declining inventory may not be a good thing for them
The housing market collapse that already happened (and almost nobody noticed)
Go give someone a big tip this week; it’s getting hard out there for average Americans!
And So Much More!
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Reuters: US producer prices post largest gain in 4-1/2 years; expensive gasoline boosts retail sales
Scotsman Guide: Fannie Mae just tore up its 2027 mortgage forecast
HousingWire: Why falling housing inventory is sending sellers the wrong signal
eXp Realty: AGNT CEO Leo Pareja Says the Housing Market Collapse “Already Happened”
Grab Dave’s Book, Real Estate by the Numbers
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