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Consumers expecting lower mortgage rates less optimistic about buying

The most recent National Housing Survey from Fannie Mae reveals a slight yet significant decrease in the number of consumers who believe mortgage rates will increase in the next twelve months. Following a record-high 64% last month, the number dropped to 62%. What makes this dip noteworthy is that it indicates that consumers are rapidly gaining hope for more affordable mortgage rates in 2018.

Buyers can still take advantage of low rates. Mortgage rates depend on many factors but economists are expecting little change this year, giving buyers time to lock in a sub-5 percent rate. This.

Consumers expecting lower mortgage rates less optimistic about buying a house.. and prices of homes they might have otherwise wanted to buy remain relatively unattractive.. consumers expecting lower mortgage rates less optimistic about buying a house. Search this Site

Consumer Sentiment Toward Housing Market Dipped in February. – Consumer sentiment toward the housing market fell in February, dipping 0.4 points to a score of 84.3 on Fannie Mae’s home purchase sentiment index (HPSI).. Interestingly, consumer confidence toward income (i.e. wage growth) was the largest variable, month over month.

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mortgage rates rose for the first time in 3 months – ETF. – Mortgage rates rose for the first time in 12-weeks in the week ending 31 st january. 30-year fixed rates increased by 1 percentage point to 4.46%, according to figures released by Freddie Mac.

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