Mortgage originations will rise to .99 trillion in 2025 and .38 trillion in 2026, according to the latest economic outlook from Fannie Mae.
That’s up compared with last month’s forecast of $1.98 trillion and $2.33 trillion, respectively.
Fannie Mae has revised its real gross domestic product (GDP) growth outlook for 2025 to 0.7%.
For 2026, it is forecasting 2.0% GDP growth.
That’s up from 0.5% and 1.9% GDP growth in 2025 and 2026 in its previous forecast.
Fannie Mae now expects the Consumer Price Index (CPI) to rise 3.5% in 2025, unchanged from its April forecast.
Core CPI is expected to rise 3.8% in 2025 – down from 3.9% previously – and 2.6% in 2026, according to the firm.
Mortgage rates are forecast to end 2025 at 6.1% and 2026 at 5.8% – down from the previous forecast of 6.2% and 6.0%.
Fannie Mae forecasts home sales will rise to 4.92 million in 2025.
The post Fannie Mae: Mortgage Originations Will Reach $1.99 Trillion in 2025 appeared first on MortgageOrb.
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