Fannie Mae reports slight rise in housing optimism but warns mortgage rates could hinder affordability.

Fannie Mae reported a slight improvement in housing market optimism in January, with the Home Purchase Sentiment Index rising to 73.4. However, consumers remain pessimistic about housing affordability, with expectations of rising home prices, rents, and mortgage rates. Despite this, homeownership is still seen as more affordable than renting in many areas. Fannie Mae predicts mortgage rates will end the year around 6.5%, continuing to hinder affordability and sales.

6 weeks ago
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