Tag Archives: Homebuying Sentiment

“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.

After three weeks of consecutive declines, mortgage application volume took a sudden turn upward this week, despite mortgage rates nearing the 7% mark.

A serious dearth of inventory and elevated real estate prices continue to make the prospect of home shopping and homebuying too daunting for a majority of Americans today, ...