Sudden surge in mortgage rates tempers housing sentiment

mortgage-surgeRIS Media

Overall attitudes toward housing varied at the close of 2016, with more believing now is a good time to buy a home, but less believing mortgage rates will fall in the year ahead, according to Fannie Mae’s Home Purchase Sentiment Index® (HPSI) for December. The Index, which comprises six components, declined to 80.7—movement that, according to Fannie Mae Chief Economist Doug Duncan, could be the result of the sudden surge in mortgage rates.

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