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Mmastodon WorldEU Politics first seen 12 d ago, last 12 d ago, peak #1

Fannie Mae sharply raises 2027 mortgage rate forecast

Original: Another # Trump # Bessent train wreck in process. "Fannie Mae sharply raises mortgage rate forecast for 2027 " # Politic

Fannie Mae has sharply raised its mortgage rate forecast for 2027, a revision drawing criticism from Trump opponents who blame the administration and Treasury Secretary Scott Bessent for worsening housing costs. Critics call the higher-rate outlook another policy failure, while supporters have yet to respond in the circulating discussion.

Why now: People are reacting to Fannie Mae's higher rate forecast as fresh evidence that Trump-era economic policy is failing on housing affordability.

Fannie MaeDonald TrumpScott Bessent

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