Fannie Mae's Home Purchase Sentiment Index (HPSI) decreased by 1.9 points in December, settling at 73.1. Despite this monthly dip, the index remained substantially higher than its levels from a year ago.
A plurality of consumers, 42%, continued to expect mortgage rates to decline over the next 12 months. This figure was down from 45% in November but significantly up from 31% in the previous December, indicating persistent optimism.
The overall higher year-over-year sentiment suggests a more stable consumer outlook on housing, despite recent fluctuations. Continued optimism about declining mortgage rates could support future housing market activity, which is beneficial for Fannie Mae's business volumes.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.