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.
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As Mortgage Rates Reach New Highs, Consumer Sentiment Shifts
“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.
Read More »Consumer Housing Sentiment Slips
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 ...
Read More »Consumer Confidence Up, Homebuying Confidence Down
While consumer confidence rose in December to its highest point since 2001, confidence in homebuying dipped for the fifth consecutive month.
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