Fannie Mae 2027 mortgage forecast
The gist
Fannie Mae raised its 2027 mortgage forecast to 7.5% from 6.7%.
The revision signals borrowing costs staying high, keeping home affordability stretched.
How it unfolded
- Oct 8, 2026The average 30-year fixed mortgage rate hit 7.40%, its highest since November 2023, per Freddie Mac.
- Oct 9, 2026A Redfin analysis projected US housing affordability may not return to normal for up to a decade if rates stay in the 7%–8% range and prices keep rising at 2.1% annually.
- Oct 14, 2026Fannie Mae economists sharply raised their forecast, now expecting the average 30-year fixed at 7.4% for Q4 2026 and 7.5% through all of 2027, up from 6.8% and 6.7% previously.