February’s mortgage rate increase led to a modest downgrade to expectations for total home sales and mortgage originations this year, according to Fannie Mae, Washington, D.C.
Tag: Home Purchase Sentiment Index
Fannie Mae: Home-Selling Sentiment Moves Higher Ahead of Spring Homebuying Season
Fannie Mae reported its Home Purchase Sentiment Index increased 2.1 points in February to 72.8, inching higher for the third consecutive month.
Fannie Mae: Survey-High Share of Consumers Expect Mortgage Rates to Fall
Fannie Mae released its Home Purchase Sentiment Index for December, highlighting a 2.9-point increase to 67.2. That jump is primarily due to the survey-high 31% of consumers who believe mortgage rates will go down over the next year.
Fannie Mae: Record-High 85% of Consumers Call it a Bad Time to Buy a Home; Most Expect Rental Prices to Increase
The Fannie Mae Home Purchase Sentiment Index remained largely flat in October, as consumer frustration toward housing unaffordability and an economy battling inflation continues to depress overall sentiment.
Fannie Mae: Perceived Homebuying, Home-Selling Conditions Diverge Further in May
Fannie Mae, Washington, D.C., said its Home Purchase Sentiment Index decreased by 1.2 points in May to 65.6 as affordability constraints continue to color consumers’ perceptions of homebuying and home-selling conditions.
Fannie Mae: Survey-High 81% of Consumers Believe Economy on ‘Wrong Track’
Fannie Mae, Washington, D.C., said its Home Purchase Sentiment Index fell by 3.4 points in June to 64.8, its second-lowest reading in a decade.
Fannie Mae: Would-Be Homebuyers Feeling Squeeze of Higher Home Prices, Mortgage Rates
Just 17 percent of consumers think it’s a good time to buy a home, reported Fannie Mae, Washington, D.C.
Fannie Mae: Consumer Sentiment Toward Housing Falls to 2-Year Low
The Fannie Mae Home Purchase Sentiment Index fell by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates.
Fannie Mae: Growing Number of Consumers Expect Rates, Home Prices to Rise Further
The Fannie Mae Home Purchase Sentiment Index increased by 3.5 points to 75.3 in February, but showed affordability constraints continue to drive consumers’ perception of the housing market.
Younger Would-Be Home Buyers Increasingly Pessimistic
The Fannie Mae Home Purchase Sentiment Index fell to its lowest level since just after the start of the pandemic as affordability constraints, particularly involving younger home buyers, continued to weigh on the housing market.