Tag Archives: Home Purchase Sentiment Index (HPSI)

As mortgage rates cross the 5%-mark, application volume continues to tail off, the share of ARMs apps rose, a positive sign in purchase demand while affordability challenges linger.

The majority of respondents to Fannie Mae’s latest survey reported that they believe now is a bad time to buy a home, setting a new record in the process.

A rise in rates over the last week did not stop the charge of conventional purchase applications, as prospective buyers locked in rate before even more drastic increases.

According to a new survey by Fannie Mae, more consumers believe mortgage rates will tick up this year, possibly indicating a market slowdown.

With rates dropping slightly to 3.10%, a strengthening economy and improvements in employment numbers are two factors that will drive a strong housing market into 2022.

Overall mortgage application volume is on the rise, and with rates just above the 3% mark, refinances led purchase apps in a market still hamstrung by supply concerns.

Despite pessimism regarding the U.S. economy, and a predicted rise in rates, a new GSE poll found homebuyer sentiment on the rise in October.

A wide disparity exists between homebuyers and homesellers according to September's Home Purchase Sentiment Index (HPSI) with the overall index decreasing by 1.2 points to 74.5 points. Year-over-year the index is down by 6.5 points.  ...

"You can’t buy what’s not for sale, even if your buying power says you can afford it,” notes First American Chief Economist Mark Fleming on the latest potential existing-home sales report.

The introduction of the DASH Act seeks to level the housing playing field for all through a series of initiatives including the issuance of housing vouchers and tax credits.