Fannie Mae recently released their monthly forecast for housing. May’s forecast predicts 30 year fixed conforming mortgage rates with rates entering the 5% range in the second quarter of 2026.
While hearing that the 30-year fixed rate might hit the 5% range next year is music to many ears, there are some things I would keep in mind. For starters, the rates are NOT guaranteed – it’s just a forecast… although I’d rather see a forecast with mortgage interest rates trending lower instead of rates pushing higher. 😉 [Read more…]
Grab a lunch and your computer to learn more during our one-hour workshop where we discuss reverse mortgages. Whether retirement is on the horizon for you or if you’re wanting to learn about possible options for your parents, this workshop will help answer questions and address common misconceptions about the modern reverse mortgage.
This afternoon (11:00 am PST) wraps up the two-day FOMC meeting and we will learn if the Fed has decided to make any adjustments to the Fed Funds rate. Although the Fed does not directly control the interest rate of mortgage loans (except for home equity lines of credit that follow the prime rate), 
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