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Mortgage executives expect 30-year rates at 7.5% or higher by 2027

A live survey found 70% of mortgage executives anticipate 30-year rates of 7.5% or higher into 2027, as the article cites an ongoing rate reset.

Reported · Written up by our desk · Mortgages

HousingWire reports a live survey of mortgage executives found that 70% expect 30-year mortgage rates to be at 7.5% or higher through 2027.

The article ties the outlook to industry planning, noting MBA forecasts for mortgage origination volume near $2.1T and roughly 5.5M loans annually, and it says leaders see cost reduction and consolidation as the two viable paths.

HousingWire also points to how rates have moved during the series, citing examples including a 6.66% level when the series began in late August, 7.03% the week before the HousingWire Mortgage Banking Summit, and a Freddie Mac weekly average of 7.28% in Dallas.

The piece says the survey was conducted during the Mortgage Banking Summit and that the results were displayed in real time to executives, presenting what it calls an urgent verdict for companies budgeting ahead.

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