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Doug Duncan

Large Lenders Expect Credit Standards to Ease During Next Quarter

House of Blocks/Copyright: Phil Ashley/Credit: Phil Ashley

Large lenders' expectations that underwriting standards will ease over the next three months coincide with overall lenders' expected pullback in the demand for single-family purchase mortgages, according to results from Fannie Mae's third-quarter Mortgage Lender Sentiment Survey. The share of lenders who expect purchase mortgage demand to go up over the next three months decreased significantly—between 26 to 33 percentage points depending on loan type—with the largest decline of 33 percentage points on GSE-eligible loans.Click to continue

Is Now the Time to Buy a Home?

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Potential homebuyers have been watching and waiting for mortgage rates to reach near-record lows. At the same time, with rates so impossibly low, now is perhaps the best possible time for potential homebuyers to take the plunge. The recent spike in mortgage rates is a double-edged sword for the housing market. With the government pulling its support of mortgage-backed securities (MBS) and artificially lowering mortgage rates, buyers will be repelled by rising rates. At the same time, rates are projected to continue to rise, so now could be the perfect time.Click to continue

Americans Expect Home Prices and Mortgage Rates to Increase

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Consumer attitudes toward the economy and housing continue to diverge this winter, according to Fannie Mae’s February 2013 National Housing Survey results. On the one hand, consumers continue to express strong positive attitudes toward housing. On the other hand, sentiment about the economy and household finances is stalled. Average 12-month home price expectations and the share of consumers who believe home prices will go up over the next year both rose to record highs, and the percentage of Americans who say mortgage rates will rise reached its highest level since August 2011.Click to continue

Consumers Confident in Housing Market as Uneasiness Continues to Surround the Economy

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Consumer confidence in the housing sector grew last month, marked by continued positive attitudes toward home price, rental price, and mortgage rate expectations, according to Fannie Mae’s December National Housing Survey results. The growing belief held by Americans that these housing indicators will climb in 2013 may inspire a boost in home purchase activity during the coming months.Click to continue

Housing Expected to Contribute to Overall GDP

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Economic activity accelerated in the third quarter, but data continue to show a sluggish recovery overall, according to Fannie Mae’s Economic & Strategic Research Group. Since its low point in 2009, U.S. gross domestic product (GDP) has climbed 7.2 percent, compared with an average growth of 16 percent for economic recoveries since the 1960s over the same period. Consumer spending was the biggest driver of growth in the third quarter, accounting for approximately 70 percent of GDP.Click to continue

Housing Market Rebound Expected to be Gradual and Drawn Out

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Consumer sentiment regarding the housing market continues its modestly positive trend, according to results from Fannie Mae’s August 2012 National Housing Survey. Supported by the expectation that home prices will rise in the next year and more saying it is a good time to sell, Americans have maintained a cautious but improving view of the housing market and homeownership. However, their stalling household financial expectations and declining economic optimism will likely mean the rate at which the housing market recovers will remain tempered.Click to continue

Poll Respondents Feel Rent and Home Prices to Rise Nationwide

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More consumers may be looking to purchase homes with a shift in several key housing market indicators, according to Fannie Mae’s March 2012 consumer attitudinal National Housing Survey. More Americans now expect both home rental and home purchase prices to increase over the next year. Nearly half of consumers expect higher rental prices, the highest number recorded since monthly tracking began in June 2010. Thirty-three percent expect home prices to increase, up five percentage points since last month, and the highest percentage recorded in over a year.Click to continue

Fannie Maintains Weak Outlook Through 2012

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According to Fannie Mae's Economics & Mortgage Market Analysis Group, the recovery of the fragile American economy makes it vulnerable to any additional shocks that might cause the economy to slip back into a recession. Possible shocks include a deepening of the financial turmoil in Europe; a dramatic slowdown in emerging economies, especially China; and renewed unrest in the Middle East that could send oil prices surging again.Click to continue

Fannie Mae Not Expecting to See Small Growth Until at Least 2012

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The economy was hit by a barrage of disappointing news during the month of July, which led to a significant downgrade in the overall macro economic forecast released by Fannie Mae's Economics & Mortgage Market Analysis Group. While the August 2011 Economic Outlook does not forecast a double dip recession, the downgraded forecast reflects the Group's view that the probability of another recession is close to a coin toss.Click to continue

Fannie Mae Survey Finds Consumer Pessimism Prevalent Nationwide

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Fannie Mae's latest quarterly National Housing Survey (NHS) has found consumer pessimism growing, as most Americans are concerned about job loss, with 64 percent of Americans surveyed during the second quarter saying the economy is on the wrong track, the most for any quarter since the inception of the survey in the first quarter of 2010. That pessimism continued to mount in July, with Fannie Mae's monthly survey finding that 70 percent now believe the economy is on the wrong track, and just 23 percent say the economy is heading in the right direction.Click to continue