Fannie Mae DOWNGRADES Their Housing Market Forecast
Get Connected To a GREAT Real Estate Agent in Your Area https://homeandmoney.com/jason Fannie Mae announced their REVISED housing market forecast and economic forecast for 2022, downgraded both of their forecasts. This is due to the conflict in Ukraine, inflation pressures and Federal Reserve monetary policy tightening. Meanwhile the average 30yr fixed rate mortgage surged to 5% today to the highest levels since November 2018! Mortgage rates have now skyrocketed 1.6% from one year ago! In today’s housing market update, I share this information of surging interest rates and what would need to happen for a housing market crash. *** Jason Walter, CPA (lic 103885); Sacramento real estate agent and native; Realty ONE Group Complete (DRE 01923240). This post may include affiliate links (if you purchase anything through these affiliated links, the author may earn a commission).
I post frequent housing market updates and real estate related topics for the USA so you can make a more informed decision about whether or not to buy/sell a house.