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The MReport Webcast: Friday 1/8/2016

The year of 2015 was a year of prosperity and growth for the housing market, and in turn, consumers displayed their confidence with positive feelings toward their income, job security, and overall economic outlook.

Fannie Mae’s reported that their Home Purchase Sentiment Index rose 2 point 4 points to 83 point 2 in December. This increase wraps up the strongest year the housing market has experienced thus far. The Sentiment Index found that overall consumer sentiment about personal finances and the economy is up from last month. This was the main driver for the boost in consumer sentiment in 2015.

In a surprising twist of events, mortgage rates are kicking off the New Year under 4 percent, even after the Federal Reserve's decision to raise rates in December. Freddie Mac released the results of its Primary Mortgage Market Survey, showing mortgage rates mixed with the 30-year fixed-rate falling back below 4 percent to 3 point 97 percent to start the year.