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Palim suggested that there was increased optimism about the housing market partly due to the decline in rates seen in December when they came down to 6.62 percent from their peak of 8 percent in.
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For the first time since the survey was launched in 2010, more homeowners on net believe rates will go down rather than up, according to Mark Palim, deputy chief economist at Fannie Mae.
Palim Palim Festival Stadtmagazin DATEs
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Palim Palim Stadtmagazin DATEs
The rate on the popular 30-year fixed-rate mortgage has plunged from a 23-year high of 7.79% in late October, tracking the decline in U.S. Treasury yields.
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"A survey-high share of consumers [anticipate] mortgage rate declines over the next year," Mark Palim, vice president and deputy chief economist at Fannie Mae, said in a statement.
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Palim continued: "A more optimistic rate outlook among consumers may signal an expectation that home affordability pressures will ease in 2024. Homeowners have told us repeatedly of late that high mortgage rates are the top reason why it's both a bad time to buy and sell a home, and so a more positive mortgage rate outlook may incent some to.
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The actual menu of the Palim Palim pub & bar. Prices and visitors' opinions on dishes. Log In. English . Español . Русский. #109 of 1044 places to eat in Offenbach. Gaststätte Am Wetterpark menu #114 of 1044 places to eat in Offenbach. Santa Lucia del Nonno - Vereinsgaststätte Gemaa Tempelsee menu.
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January 8, 2024 at 3:55 PM. Americans haven't felt this optimistic about the housing market in 20 months, a new survey found, but still-high home prices may threaten to blunt that re-emerging.
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