Tag Archives: Home Purchase Sentiment Index

The Fannie Mae Home Purchase Sentiment Index revealed consumers' optimism surrounding mortgage rates surged in December, and according to Mark Palim, VP and Deputy Chief Economist at Fannie Mae, "a more optimistic rate outlook among consumers may signal an expectation that home affordability pressures will ease in 2024."

New findings from Fannie Mae’s HSPI revealed consumers are increasingly expressing “pessimism toward the larger economy this month, in addition to their ongoing frustration with the housing market,” said Doug Duncan, Fannie Mae Senior VP and Chief Economist.

High mortgage rates have pushed consumer housing sentiment even lower, according to Fannie Mae's latest Home Purchase Sentiment Index, as more Americans are now pointing to mortgage rates rather than home prices as the primary obstacle to achieving housing affordability.

“Mortgage rates once again breached the 7% mark in August, hitting a 22-year high and doing no favors for consumer sentiment,” said Doug Duncan, Fannie Mae SVP and Chief Economist.

According to Fannie Mae's Home Purchase Index, the percentage of Americans that believe now is a good time to buy a home decreased alongside those who expect mortgage rates to go down in the next year. Meanwhile, the percentage who say it is a bad time to buy increased to 75%.

With a 6.6% monthly drop-off, sales of new single‐family homes fell in June, as builders continued to feel the squeeze of an uptick in labor and material costs.

Continually falling mortgage rates are helping consumers remain positive, but there was no change in housing income expectations.

Fannie Mae’s latest Home Purchase sentiment index revealed that while low mortgage rates buoyed consumer interest, these factors continue to hang over American homebuyers.

The U.S. housing market may be starting to get volatile. Fannie Mae's latest Home Purchase Sentiment Index report found that consumer confidence in housing took a hit in February. The worry ...

Consumer confidence is down in the latest Fannie Mae Home Purchase Sentiment Index (HPSI) report, with the end of the summer buying season bringing about a repeat of ...