Wednesday, April 01, 2015
More than half (54 percent) of respondents in a recent Fannie Mae National Housing Survey™ believe it would be easy to get a home mortgage, a record-high trend bearing out amid continued strengthening in employment and overall housing sentiment.“We continue to see strength in attitudes about the current home buying and selling environment and consistently high shares of consumers saying they expect to buy a home on their next move,” says Doug Duncan, senior vice president and chief economist at Fannie Mae.
According to the survey, the share of respondents who say mortgage rates will go up in the next 12 months increased to 48 percent. Those who say it is a good time to buy a house remained at 67 percent. Those who say it is a good time to sell decreased by 4 percentage points to 40 percent.
The share of respondents who say home prices will go up in the next 12 months fell to 46 percent. The share of respondents who believe the economy is headed in the right direction increased three percentage points to an all-time survey high of 47 percent.
Source: Fannie Mae
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