Fannie Mae upwardly revised forecasts in its May 2025 Economic and Housing Outlook, reflecting modest improvements in economic growth expectations, as well as mortgage rates and home sales projections.

The government-sponsored enterprise now expects real gross domestic product (GDP) growth of 0.7% in 2025 and 2% in 2026 on an annualized basis. These figures are up from its previous growth estimates of 0.5% and 1.9%, respectively.

Despite the improved growth outlook, inflation expectations remain largely unchanged. The Consumer Price Index (CPI) is projected to rise 3.5% in 2025, consistent with last month’s forecast.

Core CPI is expected to rise 3.8% details ⇒

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