Our Conventional 30 yr is now at 6.5, $1K Lender fee, NO POINTS, 6.5% APR
600K purchase price, 20% down, 780+ credit, primary residence, SFH, 30 day lock.
Mortgage approval in 5 business days! Rates as of 2/8/24
Mortgage rate optimism hits survey high. According to the latest Fannie Mae Home Purchase Sentiment Index® (HPSI), there's been a notable increase of 3.5 points in January, reaching 70.7. This marks the highest level since March 2022, driven by heightened consumer confidence in job security and a significant uptick in the share of consumers anticipating mortgage rates to decrease.
Key highlights from the survey reveal that:
36% of respondents foresee mortgage rates going down in the next 12 months.
28% anticipate rates to increase.
35% expect rates to remain stable.
These findings underscore a growing sense of optimism among consumers, reflecting their confidence in the stability of mortgage rates and the overall housing market. As mortgage professionals, this presents an opportunity for us to engage with clients who may be considering purchasing or refinancing their homes.
Get Today’s mortgage rate at https://www.bestlocalmortgagereviews.com/ and see how much your clients can save with a lower rate that helps get them into their dream home. Let's Connect.
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