Falling Mortgage Rates Should Boost 2024 Home Sales: Fannie Mae
Fannie Mae economists no longer expect a recession and are considerably more optimistic that mortgage rates have additional room to come down.
Stay updated with breaking news from Mark Palim. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Fannie Mae economists no longer expect a recession and are considerably more optimistic that mortgage rates have additional room to come down.
Find the latest Sherwin-Williams Company (The) (SHW) stock forecast based on top analyst's estimates, plus more investing and trading data from Yahoo Finance
As the new year unfolds, the housing market is making headlines with a surge in mortgage applications, marking a 9.9% uptick from just a week ago despite a slight increase in mortgage interest rates. Insights from the Mortgage Bankers Association's (MBA) Weekly Mortgage Application Survey, adjusted for the New Year's holiday, reveal a promising start for the housing market. "Despite an uptick in mortgage rates to start 2024, applications increased after adjusting for the holiday," MBA Vice Presi
The average rate for 30-year fixed mortgage loans rose to 6.66% from 6.62% a week prior, according to Freddie Mac on Thursday.
Fannie Mae's latest National Housing Survey showed 31% of consumers expect mortgage rates to drop in the next year.