Slower Home Price Gains: Consumers apparently haven’t gotten the memo that mortgage standards are tightening, if responses to Fannie Mae’s January
National Housing Survey are any indication.Fifty-two percent of respondents in the company’s latest survey said they think it would be easy to get a mortgage today, reflecting a climb of 2 percentage points. The number of consumers saying it would be difficult to obtain a loan fell 3 points, meanwhile, dropping to 45 percent.“The gradual upward trend in this indicator during the last few months bodes well for the housing recovery and may be contributing to this month’s increase in consumers’ intention to buy rather than rent their next home.”Watch our video to learn more...
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