Purchase- Renovation Loan Special! Refinance & Cash - Out Refinance
Where are interest rates headed?
Slower economic growth is expected– but lower rates by year end
Projected 2025 GDP growth lowered to 0.5% (from 1.7%) and trimming its 2026 forecast to 1.9% from 2.1%.
The average 30-year fixed mortgage rate is expected to slide to 6.2% by the end of this year and tick further down to 6.0% at 2026’s year-end. But Fannie also expects home prices to jump by 4.1% this year, compared with its previous forecast of 3.5%, and 2.0% in 2026 – up from prior expectations of 1.7%.
