Consumers Think It’s Easier Than Ever To Get A Mortgage!

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Consumers who believe it would be easy to get a mortgage today jumped to a record-high 54%, Fannie Mae’s February 2015 National Housing Survey found.

On the other side, the share who believes it would be difficult to get a mortgage dropped to a survey low of 43%.

Optimism toward the economy is growing on the heels of continued improvement in the employment market, adding to an overall boost in the housing market.

“Continuing improvements in consumer attitudes in this month’s National Housing Survey lend support to our expectation that 2015 will be a year of the economy dragging housing upward,” said Doug Duncan, senior vice president and chief economist at Fannie Mae.

“The share of consumers who think the economy is on the right track rose to a record high since the inception of the survey nearly five years ago and for the first time exceeded the share who believe it’s on the wrong track,” Duncan said.

The share of respondents who believe the economy is headed in the right direction increased 3 percentage points last month to an all-time survey high of 47%, while the share who believe it is headed in the wrong direction decreased to 45%, a new survey low.

Article by Brena Swanson                                                                                                              March 9, 2015

http://www.housingwire.com/articles/33187-fannie-mae-consumers-think-its-easier-than-ever-to-get-a-mortgage

 

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About Trevor Hammond

As a veteran of the mortgage industry, Trevor Hammond is the co-author of "Borrow Smart, Retire Rich," a Certified Mortgage Adviser and a founding Faculty Member and Contributor to the National Institute of Financial Education (www.niofe.org). And he has provided thousands of homeowners with the clarity and confidence to make smarter decisions when it comes to their mortgages and money. In 2013 he launched an entirely new kind of mortgage company: Aspire Mortgage Group, which is committed to educating and empowering homeowners to increase savings, eliminate bad debt, and safely increase net worth. The specialized group of mortgage professionals at Aspire Mortgage Group have redefined what homeowners should expect from a mortgage company. To learn more about Trevor Hammond and our team of mortgage advisors please visit our website at www.aspiremortgagegroup.com or email Trevor directly: trevor.hammond@sierrapacificmortgage.com. Aspire Mortgage is a Sierra Pacific Mortgage Partner.
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