
BIG NEWS for the housing market šØ
Fannie Mae just shared a new forecast: They think mortgage rates could drop to about 6.1% by the end of 2026
Hereās why: š
Right now, banks charge extra on top of the 10-year Treasury (kind of like their āmarkupā). That extra cost is called the spread.
Fannie Mae expects that markup to shrink, which means cheaper mortgage rates. š
This matters because it would mean more people can afford homes so if youāve been waiting to buy, donāt wait to put a plan together.
Know someone sitting on the sidelines?Share this with them and send us a DM if youāve got questions about how this could affect YOUR plans! šŖ