Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
Consumers see brighter mortgage availability picture
WASHINGTON (2/12/14)--Consumers are beginning to perceive an easing in mortgage credit availability, according to a Fannie Mae January 2014 national survey of consumer attitudes in housing. More consumers believe they could get a mortgage easily and fewer thought it would be difficult, apparently showing consensus among optimists and pessimists that mortgage credit is becoming more accessible.

Attitudes climbed to an all-time survey high of 52%--a two percentage point jump--in how easily consumers believed they could get a house loan.  Those who thought it would be difficult to land a loan dropped three points, down to 45% (HousingWire Feb. 11).

Other survey findings highlighted by HousingWire included:
  • The average expectation of a 12-month home-price change dropped from last month, to 2%;
  • The share of people expecting home prices will remain stable in the next 12 months increased seven percentage points to 45%, while the share who predict increases in home prices over that period dropped six percentage points to 43%;
  • Respondents who say mortgage rates will go up in the next 12 months dropped by two percentage points, to 55%;
  • Well more than half of respondents believe it is a good time to buy a house, but their numbers went down two percentage points to 65%;
  • Those who say it is a good time to sell a house increased 5 percentage points from last month, to 38% from 33%;
  •  The economy is on the right track according to just 39% of respondents, but that is an eight-percentage point climb from last month; and,
  • Back to the optimists, the percentage of survey particpants who expect their personal financial situation to improve over the next  year is up over last month, to 44%.


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
12 24 ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago