Experts surveyed by Fannie project that home price appreciation in 2024 will come in at a rate of less than half of the appreciation accumulated this year.
Fannie Mae and Freddie Mac saw a combined 11.7% increase in securitization of high-balance loans that exceeded the national baseline limit of $726,200 for one-unit mortgages during the third quarter.
While interest rates have declined in recent weeks, concerns persist about the wide spread between the 10-year Treasury rate and interest rates on mortgages.