“Key survey sentiment indicators suggest that lenders remain cautiously optimistic in their market outlook,” said Doug Duncan, senior vice president and chief economist at Fannie Mae. “The outlook for purchase demand growth over the next three months returned to levels similar to last year, while the outlook for refinance demand and profit margin improved moderately versus last year’s levels.”
Other highlights of the survey include:
The survey is conducted on a quarterly basis to assess views and outlook across varied dimensions of the mortgage market. Detailed findings are available on the Fannie Mae Mortgage Lender Sentiment Survey page at fanniemae.com.