Housing Sentiment Finishes 2024 Higher Despite December Dip
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The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased by 1.9 points in December to 73.1, but remains significantly higher than the previous year, driven by optimism about declining mortgage rates.
January 07, 2025 | 1:45 pm
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NEUTRAL IMPACT
Fannie Mae's Home Purchase Sentiment Index saw a slight decline in December but is still higher than last year, driven by consumer optimism about mortgage rates.
The news indicates a slight decline in the HPSI for December, but the overall sentiment remains positive compared to last year. This suggests stability in consumer sentiment towards housing, which may not significantly impact FNMA's stock price in the short term.
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IMPORTANCE 70
RELEVANCE 80