Reported about 23 hours ago
High mortgage rates are projected to remain elevated through 2026, according to the Mortgage Bankers Association and Fannie Mae, potentially reaching 6.5% and 6% respectively. This persistent increase in borrowing costs is significantly impacting the U.S. housing market, stifling real estate activity and reducing home affordability. Experts suggest that easing these rates to around 5.75% could help revitalize the market, but current forecasts indicate a tough economic road ahead, with high rates dampening economic growth and limiting homebuyer mobility.
Source: YAHOO