Fannie Mae has revised its mortgage interest rate predictions downward, indicating potential for a favorable investment year. Initial projections of 7% rates have already been surpassed, with estimates of 6.4% this quarter, decreasing to 5.8% by yea…
Fannie Mae has revised its mortgage interest rate predictions downward, indicating potential for a favorable investment year. Initial projections of 7% rates have already been surpassed, with estimates of 6.4% this quarter, decreasing to 5.8% by year-end. Jason emphasizes the importance of not trying to time the market, citing missed opportunities for those anticipating a real estate crash. Fannie Mae's forecast suggests increased housing affordability, potentially adding 7.7 million new buyers to the market. He highlights the multidimensional benefits of income property investment, urging listeners to explore opportunities and not miss potential returns.
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Key Takaways:
0:00 Chart: Fannie Mae's revised mortgage rate predictions
4:24 Chart: Buying power & sensitivity
6:01 Chart: Total inventory for sale as of Dec 2023
8:10 Check out https://www.baselane.com/jason
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