Fannie Mae says boost to popular index arrived prior to recent jump in mortgage rates to 7%
Tagged: Home Purchase Sentiment Index
Eager for relief but fearing further losses, industry executives offer insights on a volatile mortgage market in transition.
Fannie Mae's latest HPSI reveals 42% of consumers expect the rate cuts to continue
Regional variations in homebuyer sentiment likely a function of new supply variations in those regions, Fannie Mae reports.
The Fannie Mae Home Purchase Sentiment Index (HPSI) revealed that only 17% of consumers think it's a good time to buy a home.
Year-over-year increases show the housing market continues to slowly shift in favor of buyers.
Fannie Mae's Home Purchase Sentiment Index (HPSI) rose 6.6 points year-over-year.
Fannie Mae's latest Home Purchase Sentiment Index at all-time low
Survey reveals 78% of respondents believe economy on 'wrong track' with inflation as primary concern, while 85% see it as a 'bad time' to buy homes.
September's HPSI drops to 64.5, with 84% of consumers deeming it an unfavorable time to buy.