2.9% Mortgage Rates? It’s Possible Says Fannie Mae

Amber RandhawaHomeowner and Homebuyer Tips, Real Estate Trends

According to a recent article released by the National Association of Realtors, mortgage rates could continue tumbling over the next year and eventually reach all-time lows. In fact, in Fannie Mae’s Housing Forecast report, economists predict that the average 30-year fixed-rate mortgage for 2020 will fall to 3%, and then possibly go even lower to 2.9% by 2021. This means …