Mortgage lenders optimistic even as demand subsides

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Mortgage lenders have never felt more optimistic about the economy than they do now—an outlook that could come with more relaxed standards for homebuyers, who continue to contend with tight conditions as the spring home-buying season gets underway.

The share of lenders recently surveyed in Fannie Mae’s Mortgage Lender Sentiment Survey® who believe “the economy is on the right track” burst through to a survey high in the first quarter of 2017, even as the share of lenders surveyed who expect more demand for purchase mortgages dropped to a survey low. Some lenders surveyed expect a “modest net easing” of standards over the next three months.

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