Fannie Mae economist predicts interest rates to soften in 2024-25

Author: David Dorsey, Gulfshore Business
Published: Updated:

Doug Duncan has three economics degrees, including a Ph.D. in agricultural economics from Texas A&M. As the chief economist and a senior vice president for Fannie Mae, he possesses a wealth of experience in following financial trends related to the housing market.  

But even he said his prognostications relating to the housing market and interest rates should be viewed as hypothetical. They are based on millions of data-points made daily, he said, and anything can happen. That said, he shared some ideas. 

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