Fannie Mae’s most recent National Housing Survey (NHS) sees signs that home buying activity may pick up this Spring. The share of survey respondents in March who said “It’s a good time to sell a home” increased 4 percent.
The number of respondents who said they think it would be “easy to get a mortgage” also increased last month. Read More Details of the NHS Survey >
More good news from last week came in the form of a positive Jobs Report. Just over 190,000 new jobs were added last month, and the Labor Force Participation Rate also went up. (This is a good sign in a recovery as more people re-enter the workforce or look for work.)
Bottom Line for Mortgages:
This will be a relatively slow news week and rates continue to be near historic lows.