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Low Rates Help Home Purchase Sentiment Hold Near Highs

(Mortgage News Daily) - 1 weeks ago
 Posted To: MND NewsWireConsumers are beginning to buy into the idea that mortgage rates might go down, at least according to responses to the June National Housing Survey (NHS) . However, that may not mean they have a lot of confidence in housing overall. Fannie Mae says its Home Purchase Sentiment Index (HPSI), based on some NHS questions, dipped a half-point from its May near-survey high to 91.5. Without an 8-point improvement in the net positive responses to "Do you think mortgages rates...
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