Fading hopes that mortgage rates will come down in the next 12 months are primary drag on Fannie Mae’s Home Purchase Sentiment Index, but job and income concerns were also up in March.
Category: homebuyer sentiment
Homebuyer sentiment tallies record low amid falling rates
Fannie Mae economist warns that, while mortgage rates have retreated, the primary drivers of housing pessimism are persistent affordability challenges and worries about household finances.