|Bid||0.0000 x N/A|
|Ask||0.0000 x N/A|
|Day's Range||1.8575 - 1.8905|
|52 Week Range||1.4000 - 2.6590|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
A new mortgage refinance program from Fannie Mae is designed to help lower-income borrowers refinance their home loan and improve housing affordability. Fannie Mae says that lower-income borrowers refinance mortgages at a slower pace than other borrowers. The RefiNow™ program helps simplify the process and lower costs.
While Americans in general feel pretty good about their household incomes and job security, the red-hot housing market caused a dramatic plunge in their attitudes about buying a new place now. The survey contains six components that the GSE's research team bundles into a Home Purchase Sentiment Index (HPSI), which this time around recorded the lowest sentiment in the survey's 11-year history as to whether it's "a good time to buy." Only 35% of the respondents felt that way when the survey was conducted in May, a drop of 18 percentage points from March, when 53% felt that way, Fannie Mae said in its report.
A record-low percentage of U.S. consumers believe now is a good time to buy a home, with worries about surging prices and a small supply of houses on the market outweighing improved sentiment about their jobs and income, a survey from home financing giant Fannie Mae showed on Monday. The percentage of consumers who said it is a good time to buy a home declined in May to 35% from 47%, Fannie Mae said in its monthly survey of the U.S. housing market. This reading, the lowest since Fannie Mae began the survey about a decade ago, marked the second straight monthly decline and represented a drop of 18 percentage points since March.