Housing attitudes take turn for the worse

Affordability(1)By Jann Swanson | Mortgage News Daily

Affordability is becoming an issue based on more than just rising interest rates and rising home prices according to the latest Home Purchase Sentiment Index (HPSI) from Fannie Mae. That index dipped by 1.7 points from December to January, resulting in a reading of 81.5. Those results, the company said, reflected in part housing affordability constraints based on wages.

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