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Income Gains are Keeping Potential Homebuyers in the Game
Tuesday, March 10, 2020
Only one of the six components of Fannie Mae's Home
Purchase Sentiment Index (HPSI) posted a net gain in February, but the increase
in the numbers of respondents who reported significantly higher income almost
offset the other declines. The HPSI dipped a half point compared to January to
92.5 but remains close to its all-time high of 93.8. Year over year, the HPSI is up 8.2
points. Fannie Mae says this reflects in part consumers' more favorable
mortgage rate expectations, despite that index component moderating this month.
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