Economists at Fannie Mae are predicting a modest slowdown in home price growth for the upcoming year, with expectations that rates will reach 3%. Additionally, they are forecasting that mortgage rates will stabilize around 6.4% by the end of 2025.
Key points from their forecast include:
– Home price growth is projected to slow down to 3% in 2025
– Mortgage rates are expected to reach 6.4% by the end of the year
– These predictions are based on current market trends and economic indicators
– The housing market is expected to remain stable despite these changes in growth and rates.
You can read this full article at: https://www.housingwire.com/articles/fannie-mae-economists-expect-two-rate-cuts-moderating-home-prices-in-2024/(subscription required)
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