Fannie Mae (FNMA) forecasts mortgage rate changes for 2026

AI Summary

Fannie Mae (FNMA) has forecasted significant changes in mortgage rates affecting the housing market. The 30-year refinance rate increased by 20 basis points on May 17, 2026. Current trends indicate that mortgage rates are nearing 8-month highs, rendering refinancing more expensive for homeowners. Monitoring these shifts is crucial as they can impact overall economic conditions and consumer behavior in the housing sector.