Rate Cooldown Boosts Consumer Optimism For 2024

Rate Cooldown Boosts Consumer Optimism For 2024

ByTMN Editor Reading Time: 2 minutes

The mortgage rate cooldown is giving Americans a somewhat rosier view of 2024’s housing market, sparking some optimism despite overall dour views about the state of buying and selling. That’s according to Fannie Mae’s Home Purchase Sentiment Index, which increased 2.9 points in December to a reading of 67.2. Though Americans generally see homebuying in…

Consumer Sentiment Stuck Near Lows

Consumer Sentiment Stuck Near Lows

ByTMN Editor Reading Time: 2 minutes

Consumer sentiment is stuck in the pits as mortgage rates remain elevated. Fannie Mae’s Home Purchase Sentiment Index continues skimming its low-level plateau, increasing in August by 0.1 points to 66.9. The HPSI is up 4.9 points YOY. Half of the index’s six components rose from July while the others stayed stagnant, resulting in a…

End of content

End of content