Rebecca B O'Brien-Fern Realty

10/17/2025

09/29/2025

Looking for a new family. I need some updates and repairs but my layout is terrific. I come with 3 bedrooms, 1 bath, garage with a wired workshop and a very private back yard for entertaining friends and family. Rebecca O'Brien, Fern Realty, Gastonia, NC 28052, 704-533-2991.

07/08/2025

It's easy to get off track when doing home improvements. The most often complaint I found is Time.

07/05/2025

Ingenious!!!

Definitely adding this to my Christmas list

07/01/2025

How many times have you put off going anywhere when you're in the middle of a transaction? Tips to take the stress away.

06/29/2025

Wishing everyone a day filled with love & laughter. Stay safe!!!

06/03/2025

I love this! Sherwin Williams announced it's "loneliest color" of the year. Radiant Lilac - eye popping lavender.

05/24/2025

Just finished my last NC Realtors CE class. It was great! Walked away with "when is the best time to place your home on the market "and "what do buyers need to do first when making an offer." I was surprised by the answer. Let's connect! Enjoy the beautiful day.

03/17/2025

Flowers are blooming, trees are budding. What a great time to be alive. Noses are running, eyes are tearing, and they're sneezes everywhere. It must be Spring!!!

02/21/2025

House hunting in 2025? Watch out for these trends, says Fannie Mae
Mortgage rates, number of sales and prices expected to rise this year

By Rebecca San Juan
Housing Market
February 14, 2025

Homebuyers holding out for lower interest rates may be waiting longer than expected. A closely followed housing finance giant is predicting mortgage rates could remain stubbornly above 6% for all of 2025.

Mortgage rates are likely to remain at status quo or higher this year, according to Fannie Mae. The Washington, D.C.-based company buys mortgages from lenders and sells them back to investors as mortgage-backed securities, giving banks and others capital to lend again. Despite its forecast for mortgage rates, Fannie Mae predicts residential sales will still increase nationwide this year, price growth will continue and there will be an uptick in single-family home sales.

Mortgage rates are hovering at 6.87% for a 30-year, fixed-rate mortgage, up from 6.77% a year ago, according to Freddie Mac, another federally controlled mortgage finance firm.

“Given inflation measures have remained stickier than markets expected earlier last year, our economists do not expect a meaningful decline in the 10-year treasury rate in 2025,” said Chryssa C. Halley, executive vice president and chief financial officer for Fannie Mae, during the company's earnings call Friday. “As a result, mortgage rates are expected to remain elevated at above 6%.”

What else does Fannie predict for 2025? Here are three highlights from the earnings call:

Existing home sales will rise by about 4% to 4.15 million residences from 4 million residences. That's still a 20% drop from home sales seen in 2019.
Prices will continue to rise with a projected bump of 3.5%, slightly below the 5.8% seen last year.
All single-family home deals could total $1.9 trillion, higher than the $1.7 trillion seen in 2024.

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