Consumers Say Now is a Good Time to Buy or Sell a Home (November 9, 2016) – WASHINGTON, DC – The Fannie Mae Home Purchase Sentiment Index® (HPSI) dipped 1.1 points to 81.7 in October, the third decrease in as many months. Four of the six components that comprise the HPSI fell during the month. The share […]
Index Closes Year on Positive Note Driven by Reported Income Growth By Jeff Sorg, OnlineEd Blog (January 7, 2016) – Fannie Mae’s Home Purchase Sentiment Index™ (HPSI) increased 2.4 points to 83.2 in December, capping off its strongest year thus far, as Americans’ household income prospects bounced back to levels of three months ago. The share of consumers […]
Today, Fannie Mae (FNMA/OTC) announced an option for qualified first-time homebuyers that will allow for a down payment as low as three percent. Building upon Fannie Mae’s successful lower down payment program offered through state Housing Finance Agencies, the 97 percent loan-to-value ratio (LTV) option will expand access to credit for qualified first-time homebuyers that may not have the resources for a larger down payment.