Tag Archives: doug duncan

Homebuyer demand sags as mortgage rates stay range bound

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Applications for purchase mortgages drops for a fifth consecutive week to the lowest level since October, as mortgage rates continue to hover above 6 percent. Continue reading →

He’s been at the MBA and Fannie Mae. Here’s who he thinks has the better 2026 mortgage forecast

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Economist Doug Duncan weighs in on the challenges facing economic forecasters today, cutbacks in economic reports produced by Fannie and Freddie, Fed independence, and more. Continue reading →

Most Americans weren’t expecting the big drop in mortgage rates

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Fannie Mae survey shows would-be homebuyers grew even more frustrated with elevated home prices and mortgage rates in July, but 7 in 10 didn’t think mortgage rates would come down. Continue reading →

BofA analysts cast doubts on prospects for 2025 sales rebound

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“The U.S. housing market is stuck, and we are not convinced it will become unstuck anytime soon,” economists at Bank of America Global Research say of ongoing affordability issues. Continue reading →

Housing sentiment improves on hopes for lower mortgage rates

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Consumer sentiment toward housing increased to the highest level in nearly two years in January, with a record number of Americans expecting mortgage rates to come down in the year ahead. Continue reading →

Falling mortgage rates should boost home sales: Fannie Mae

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Fannie Mae economists no longer expect a recession and are considerably more optimistic that mortgage rates have additional room to come down below 6 percent. Continue reading →

Homebuyer sentiment tallies record low amid falling rates

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Fannie Mae economist warns that, while mortgage rates have retreated, the primary drivers of housing pessimism are persistent affordability challenges and worries about household finances. Continue reading →

Record 85% of Americans said October was a bad time to buy

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Monthly Fannie Mae survey shows homebuyer pessimism at a high for records dating back to 2010, but a broader index aimed at capturing overall housing market sentiment improved in October. Continue reading →

Homebuyer pessimism climbed to a new record high in September

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More than 8 in 10 Americans polled by Fannie Mae said it was a bad time to buy a home, and most weren’t expecting mortgage rates to come down anytime soon. Continue reading →

Consumer homebuying sentiment has plateaued at ‘pessimistic’

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Most Americans polled by Fannie Mae last month said they would rather buy than rent, but a record-high 82 percent also said August was a bad time to buy. Continue reading →