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Tag Archives: Consumer Sentiment

Consumers Reveal Their 2024 Mortgage Rate Expectations

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."

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Consumers Express Increasing Housing Market Frustrations

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.

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Monthly Home Prices Drop in October

“Following the recent mortgage rate surge above 7%, real estate activity and consumer sentiment regarding the housing market took a nosedive,” said Selma Hepp, Interim Lead of the Office of the Chief Economist at CoreLogic.

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Consumer Sentiment Rebounds

Fannie Mae’s newest Home Purchase Sentiment Index report shows overall consumer confidence back to where it was in February. More people are bullish on buying and more feel safer in their jobs. And more than ever, survey respondents feel better about getting a mortgage today.

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Confidence in Housing Surges

According to a recent index released by Fannie Mae, optimism in the housing market has hit its highest point in five months. Employment gains, mortgage rates, and home prices will determine whether this surge in confidence will continue.

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