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The housing market is ‘thawing’ from a ‘months-long freeze,’ Freddie Mac says, as mortgage rates continue their downward trek and Fannie Mae chief economist sees house prices dropping in 2023 and 2024

The housing market is ‘thawing’ from a ‘months-long freeze,’ Freddie Mac says, as mortgage rates continue their downward trek and Fannie Mae chief economist sees house prices dropping in 2023 and 2024

The 30-year mortgage rate is averaging at 6.13%, Freddie Mac said in its latest weekly survey on Thursday. Fannie Mae chief economist sees house prices dropping in 2023 and 2024 — these are the warning signs that prices are falling in your city. Doug Duncan of Fannie Mae predicts how housing market perform in 2023, and reveals why he believes prices will fall this year.