Today’s News Synopsis:
Fannie Mae now expects the 30-year mortgage rate to dip below 6% by 2026, but home sales forecasts for 2025 and 2026 were revised lower as affordability challenges linger.
In The News:
ScotsmanGuide – “Fannie Mae eyes sub-6% mortgage rates in 2026“ (09-23-25)
“The 30-year fixed-rate mortgage could fall below 6% by the end of 2026, according to the latest Fannie Mae forecast. That would be roughly 50 basis points lower than the government-sponsored enterprise’s year-end 2025 prediction of 6.4%.”
CNBC – “New home sales soar 20% in August to a three-year high” (09-24-2025)
“Sales of newly built homes rose a much larger-than-expected 20.5% in August compared with July, according to the U.S. Census.”
Realtor.com – “Home Flipping Profits Drop—but Investors Are Still Raking in $65K Per Deal“ (09-18-25)
“Flipping homes has long been one of the fastest ways for investors to turn a quick profit, but nationwide, profit margins are cooling.”
MPA Mag – “Powell urges caution as Fed weighs next move on rates“ (09-23-25)
“Fed chair signals slow approach to rate cuts likely as mortgage market eyes next steps”
Forbes – “Trump Administration Delays Could Stick Student Loan Borrowers With Huge Tax Bills, Lawsuit Says” (09-24-2025)
“The Department of Education’s failure to process income-driven repayment plan applications could result in harm for millions of student loan borrowers, with some facing extra taxes, suit alleges.”
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