Mortgage rate decline spurs optimism in home purchasing
Positive shift in homebuying sentiment linked to rate drops
Source: mpamag.com
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Positive shift in homebuying sentiment linked to rate drops
A record number of consumers surveyed by Fannie Mae expect rates to keep falling, a "shift" that could free homeowners from the "lock-in effect."
Consumer optimism rose on the back of expectations around rates falling, a new Fannie Mae survey shows.
After watching mortgage rates fall recently, the consumer outlook for rates and home purchases has changed, according to the latest Fannie Mae HPSI.
Fannie Mae: Consumer optimism regarding a potential decrease in mortgage rates has seen a notable upturn.