Elevated mortgage rates and home prices are creating challenges for many homebuyers, and 86% said May was a bad time to buy — a new high in Fannie Mae surveys dating to 2010.
Category: housing sentiment
Consumer housing sentiment drops for first time since November
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.
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