The Fannie Mae Home Purchase sentiment index (hpsi) increased by 5.6 percentage points in February to 88.3, a new all-time high, the Government Sponsored Enterprise said Tuesday. Five of the six.
As a result, they are holding on to their homes with greater security even as consumer debt soars. high unemployment and a glut of new housing supply. “It doesn’t represent what you should see in a.
The problem is fundamental, tied to the imbalance caused by irrationally high home prices and declining optimism that the prices will go. given to government-sponsored enterprises like Fannie Mae.
Gains in home sales and new home construction in November and recent improvement in homebuilder sentiment added only a touch of optimism at the end of last. government-run mortgage finance firms.
Mortgage applications jump 21.7% on refinancing activity 11 days ago · FILE PHOTO: A "For Sale" sign is seen outside a home in Cardiff, California February 22, 2016. REUTERS/Mike Blake (Reuters) – U.S. mortgage applications jumped to their highest level in more than 2-1/2 years last week, led by a surge in refinancing activity, as.
Blackstone 3Q earnings miss analyst expectations Fannie Mae: Homeowner optimism soars to new highs. Last week housing wire ran an article titled In Housing, a Supply Problem of Epic Proportion. The article reported: To understand the depth of the problem here: we’ve already got 4.7 million loans either 90+ days delinquent or in foreclosure.
Amid continued strengthening in employment, consumer optimism toward the economy is growing and appears to be contributing to further improvement in overall housing sentiment, according to results from Fannie Mae’s February 2015 National Housing Survey.
Fannie Mae’s sale, planned for next month, reflects U.S. attempts to reduce its role, with the current share of new mortgages financed by taxpayer-backed programs at about 85%.
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NEW YORK (CNNMoney.com) — Consumer confidence plunged to a five-year low Tuesday as tight credit markets, rising prices and worsening job prospects weigh on American consumers. But Gerri Willis is.
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Fannie Mae: Homeowner optimism soars to new highs 0 American confidence in the ability to buy and sell a home ascended sharply in May due to recently strong home price gains, according to the Fannie Mae latest report.
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Nationally, home prices were up a little over 5% last year, and Fannie Mae Chief Economist douglas duncan expects about a 4.5% average increase this year. Overall, in spite of the challenges, there.