Fannie Mae’s Economic and Strategic Research (ESR) Group slightly lowered its mortgage rate outlook in October and now projects rates to end 2025 at 6.3%, down from its 6.4% forecast in September. 

The modest decline, however, is expected to lift single-family mortgage originations to $1.88 trillion this year. That’s up from the prior estimate of $1.85 trillion, according to the updated forecast released Friday. 

Fannie Mae economists are more conservative than those at the Mortgage Bankers Association (MBA), who this week projected $2 trillion in single-family origination volume for 2025 during the trade group’s annual convention.

With the Federal details ⇒