Updated Fannie Mae Rate Forecast

Fannie Mae expects the 30-year fixed mortgage rate to average:

6.5% in Q1 2024 (previously 6.4%)

6.3% in Q2 2024 (p: 6.2%)

6.1% in Q3 2024 (p: 6.0%)

5.9% in Q4 2024 (p: 5.8%)

2025:

5.8% in Q1 2025 (p: 5.7%)

5.7% in Q2 2025 (p: 5.6%)

5.7% in Q3 2025 (p: 5.6%)

5.7% in Q4 2025 (p: 5.5%)