Consumer Sentiment Stuck Near Lows
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…