Homebuyers were more hopeful about the housing market in June but still largely priced out of it. Fannie Mae’s Home Purchase Sentiment Index increased 3.2 points to a reading of 72.6 last month, pushing it closer to the plateau it set earlier in the year. Just under 20% of consumers indicated it’s a good time…
Consumers are becoming more optimistic that the housing market will turn in their favor in the coming year, though affordability concerns continue to weigh them down. Fannie Mae’s Home Purchase Sentiment Index (HPSI) jumped to its highest level since May 2022 in April, up 5.5 points to 66.8. This is the largest increase in more…
Mortgage interest rates slipped again last week, marking the fourth consecutive week of decline, Freddie Mac reported Thursday. Freddie’s Primary Mortgage Market Survey found that the 30-year fixed-rate mortgage averaged 6.33%, down from 6.49% the week prior. A year ago at this time, the 30-year FRM averaged 3.10 percent. The 15-year fixed-rate mortgage fell from…
Active listings posted a record-high growth rate in July, an indication that balance is returning to the housing market, Realtor.com reported. July’s Monthly Housing Trends Report found that the national inventory of active listings rose by 30.7% YOY, while the total inventory of unsold homes, including pending listings, increased for the first time since September…
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