Economic Developments - December 2024 | Fannie Mae

Fannie Mae expects many trends from 2024 to continue in 2025, with housing affordability and the mortgage rate “lock-in effect” continuing to remain key challenges. ... Economic Developments …

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Economic Developments - July 2024 - Fannie Mae

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We have downgraded our expectation for refinance originations in 2024 by $26 billion relative to last month's forecast to $346 billion, in line with recent data on mortgage applications from the …

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FAQs about Economic Developments - December 2024 | Fannie Mae Coupon?

What is Fannie Mae's forecast for 2024?

Despite the headwinds, Fannie Mae does see reasons for optimism in their forecast. Total single-family mortgage originations are anticipated to grow from $1.5 trillion in 2023 to $1.9 trillion in 2024 and further to $2.3 trillion in 2025. ...

Where can I read the December 2024 economic outlook?

Visit the Economic and Strategic Research site at fanniemae.com to read the full December 2024 Economic Outlook, including the Economic Developments Commentary, Economic Forecast, Housing Forecast, and Multifamily Market Commentary. ...

How did housing affordability change in 2024?

Rising homeowners’ insurance costs: In 2024, housing affordability remained one of the most significant issues facing American households. High mortgage rates and home prices significantly contributed to declining affordability. Growing homeowners’ insurance costs further challenged housing affordability. ...

What is Fannie Mae's economic and strategic research group?

Fannie Mae’s Economic and Strategic Research Group, led by Chief Economist Mark Palim, studies current data, analyzes historical and emerging trends, and conducts surveys of consumer and mortgage lender groups to provide forecasts and analyses on the economy, housing, and mortgage markets. ...

Will housing and mortgage markets start trending in 2024?

For a PDF version of this report, click here. We expect that housing and mortgage markets will begin trending toward a more typical pattern in 2024 after experiencing turbulent oscillations and divergence from historical relationships over the past few years. ...

Will the housing market recover in 2024?

This trajectory, fueled by home price appreciation and modest growth in refinance activity, underscores the market’s resilience and adaptability. In 2024, the housing market is expected to witness a slow recovery, with total home sales marginally surpassing the figures of 2023. ...