watch nowA sharp drop in mortgage interest rates in December may have kickstarted this year's spring housing market early.
Optimism about mortgage rates increased sharply in December, according to a monthly consumer survey by Fannie Mae.
"This significant shift in consumer expectations comes on the heels of the recent bond market rally," said Palim.
"Notably, homeowners and higher-income groups reported greater rate optimism than renters."
The average rate on the 30-year fixed has been on a wild ride since the start of the Covid pandemic.
Persons:
Fannie Mae, Mark Palim, Ryan Paredes, Ariadna Paredes, Ryan Ratliff, Joe Raedle, Paul Legere
Organizations:
Max Advance Realty, Getty, . Washington , D.C
Locations:
Cutler Bay , Florida, . Washington ,