Fannie Mae reveals mortgage rate, housing market forecasts

Thursday, October 9, 2025

Happy start of earnings season (to those who celebrate). This morning consumer giants PepsiCo and Delta Air kicked off the Q3 reports with two solid ones. The drinks-and-snacks giant's sales rose despite weaker demand and smaller volumes, while Delta Air's revenue rose thanks to its array of premium seating and higher fares.

Pepsi shares are up about 2.9% at last check, pulling Coca-Cola along with it, up 0.15%. Delta is up 4.3% and rival United Air has tacked on 2.4%. The airline sector more broadly is mixed.

Thursday Reading:.

• T-Mobile plans move that will push customers to upgrade phones
• Amazon to solve a growing customer problem with vending machines
• General Motors dishes out worrying update for EV buyers
• GameStop decision sends investors scrambling
• Elon Musk loses crucial privacy court battle
• The latest used and new car buying trends you should know about

In general, we wait to see how investors will respond as more reports emerge. So far today stocks have pulled back from records. The major indexes are modestly lower: the Dow was down 0.37%, Nasdaq was off 0.27% the S&P 500 gave up 0.3% and the Russell 2000 eased 35%. Stocks have, however, found their way out of small declines like these in recent days, especially after midday.

Finally, the IRS unveiled new 2026 tax brackets and deductions. The standard deduction has been boosted to $16,100 (single) and $32,200 (married filed jointly). 

TurboTax Via TheStreet:

• What to know about the premium tax credit
• Is your life insurance taxable?
• 10 ways to avoid tax-related identity theft

-- Noah Weidner, Markets Reporter

Fannie Mae reveals mortgage rate, housing market forecasts

The government-sponsored corporation explores several key expectations for housing.

[READ ARTICLE]

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