Weekly Update

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. 

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