Fannie Mae: Home buying sentiment falls as more Americans say now is not a good time buy

In June, housing confidence fell to 91.5 points as more Americans reported now is not a good time to buy, according to Fannie Mae’s latest Home Purchase Sentiment Index. Despite this decrease, the component that measures whether or not mortgage rates will go down, edged up 8 percentage points to -29%. Fannie Mae Senior Vice President and Chief Economist Doug Duncan said growing expectations that mortgage rates will remain steady suggest improved stability for housing affordability.