Fannie Mae predicts that strong employment numbers and hotter-than-expected inflation data will lead to an extended period of higher mortgage rates. This forecast is based on a thorough analysis of current market trends and economic indicators.
Key points from the text include:
– Strong employment numbers contribute to a more robust economy, which typically leads to higher mortgage rates.
– Hotter-than-expected inflation data can cause lenders to increase rates to offset the impact of rising prices.
– Fannie Mae’s analysis suggests that these factors will work together to keep mortgage rates elevated for an extended period of time.
– Homebuyers and homeowners should be prepared for the possibility of higher rates when considering purchasing or refinancing a mortgage.
You can read this full article at: https://www.housingwire.com/articles/fannie-mae-predicts-that-higher-mortgage-rates-will-stick-around-longer/(subscription required)
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