Fannie Mae

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Global Markets & Equities 15 Oct 2026, 12:56 PM IST

Fannie Mae Lifts 2027 Mortgage Rate Forecast Sharply as Housing Slump Deepens

Fannie Mae has sharply raised its forecast for U.S. mortgage rates in 2027, reinforcing expectations that borrowing costs may remain elevated for longer than many homebuyers and lenders had hoped. The revision comes as 30-year mortgage rates hover near multi-decade highs, purchase activity weakens, and affordability pressures continue to weigh on the housing market.

By RDU Global Wire5 min read

Global Markets & Equities15 Oct 2026, 02:19 AM IST

Fannie Mae Lifts 2027 Mortgage Rate Forecast Sharply as Housing Slump Deepens

Fannie Mae has sharply raised its forecast for U.S. mortgage rates in 2027, signaling that borrowing costs may remain elevated for longer than many homebuyers and lenders had expected. The revision comes as 30-year mortgage rates hover near the upper end of recent ranges, weighing on purchase activity and reinforcing a prolonged affordability squeeze across the housing market.

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Co-Occurring Entities

Entities frequently referenced alongside Fannie Mae:

Washington, D.C.(2)Federal Reserve(1)CNBC(1)