US mortgage rates may stay above 7% through 2027 as inflation, government borrowing and AI spending raise costs
US mortgage rates may remain above 7% through 2027. Major housing groups expect mortgage rates to stay high for an extended period, making home loans expensive for Americans who want to buy houses. Fannie Mae forecasts that mortgage rates could average 7.5% in 2027, while the Mortgage Bankers Association expects rates to remain above 7% … Read more