Fannie Mae: Declining mortgage rates propel nation’s home buying outlook to new high

In August, American housing confidence increased slightly as more consumers expressed optimism regarding the nation’s falling mortgage rates, according to Fannie Mae’s Home Purchase Sentiment Index. According to the GSE’s report, sentiment ticked up by 0.1 point to 93.8 in August. Not only is this up 5.8 points from last year’s rate, but it also marks a new survey high.