Fannie Mae Home Purchase Sentiment Index Rises in December But Affordability still A Big Challenge In 2023

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In: New Home Mortgage News

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However, it is still far below pre-pandemic highs, according to new Fannie Mae data. The sentiment of prospective homebuyers’ purchases slightly improved in December.  According to Fannie Mae, persistent affordability issues will prevent buyers from entering the market in 2023,Continue Reading

Fannie Mae Expects Housing Market to Get Gloomier Next Year

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In: Realtor News

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The housing market outlook is bleak next year and is expected to recover in 2024-2022. Fannie Mae’s Economic and Strategic Research (ESR) team expects single-family home sales to reach 5.67 million in 2022, decline to 4.42 million in 2023, andContinue Reading

Fannie Mae to Include Rent Payments in Risk Assessments In Their New Program

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In: New Home Mortgage News

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Fannie Mae on Tuesday launched a pilot program to help borrowers in many areas build their credit reports and improve their credit scores. It starts in September. Starting on the 27th, eligible multifamily landlords will be able to share rentContinue Reading

Fannie Mae HPSI Dropped By 0.8 Points In August

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In: Mortgage News

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The Fannie Mae Home Purchase Feeling Index® (HPSI) diminished from 0.8 focuses in August to 62.0, its 6th successive month-to-month decline, as high home costs and raised mortgage rates keep on burdening customer opinion, especially home-selling feeling.  In spite ofContinue Reading