Fannie Mae Sharply Raises 2027 Mortgage Rate Forecast
From On The Market · 37:04
Show by BiggerPockets
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! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Sign Up for the Investor Brief Newsletter Find Investor-Friendly Lenders Dave's BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile Get Tickets to the BiggerPockets “Live From Phoenix” Bootcamp! 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 Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-474. Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
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