Fannie Mae: Consumers Want to Buy Homes, But are Pessimistic

Fannie Mae released the latest version of its Consumer Mortgage Understanding Study, finding that consumers are pessimistic about homebuying conditions–with only 19% saying now is a good time to purchase a home. However, 92% still report owning a home is important to them.

Mortgage Applications Decrease in MBA Weekly Survey

Mortgage applications decreased 5.1 percent from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 31.