Housing sentiment surges in March, and sellers are the most optimistic
div > div.group > p:first-child"> A monthly survey from Fannie Mae showed that, in March, sentiment jumped to the highest level since June 2018, which was just below the record high.
Continuing a five-month trend, the share of consumers who believe mortgage rates will go down increased 7 percentage points, as rates dropped sharply in March. The average rate on the 30-year fixed mortgage jumped over 5% at the start of November, after moving slowly higher last summer. It then began falling again in December but took a deep dive in the middle of March. It has moved slightly higher since then but is still below where it was at this time a year ago.
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