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That’s the estimate from Fannie Mae.  Here’s what that means for homebuyers. The rate on a 30-year fixed mortgage will fall to an average 4.5% in 2023, according to Fannie Mae. Rates have jumped more than two percentage points since the beginning of 2022, largely due to the Federal Reserve increasing borrowing costs. Consumers shouldn’t… Read more »

Many factors contributed to the historic seller’s market that endured throughout the pandemic, which saw home prices rise by more than 50% in two years in some states. One of the biggest drivers of that growth was dirt-cheap mortgage rates. “The low interest rate environment has created an unprecedented opportunity for not only buyers getting… Read more »