Financial News...

Market overview per Fannie Mae economist !

"A brighter housing market outlook drove this month's increase in the HPSI – a welcome sign from consumers as we enter the spring and summer homebuying seasons," says Doug Duncan, senior vice president and chief economist at Fannie Mae. "The results further corroborate the positive effect of falling mortgage rates on affordability, which we expect will help support a rebound in home sales.

In good news for the real estate market, the index of buyers thinking it's a "good time to buy" rose (up 7 percentage points) along with the seller index that it's a "good time to sell" (up 13 percentage points).

Complementing that rise, more consumers expect interest rates to fall within the next 12 months. That component rose 7 percentage points.