FANNIE MAE HPSI DROPPED BY 0.8 POINTS IN AUGUST

The Fannie Mae Home Purchase Feeling Index® (HPSI) diminished from 0.8 focuses in August to 62.0, its 6th successive month-to-month decline, as high home costs and raised mortgage rates keep on burdening customer opinion, especially home-selling feeling.

In spite of the generally little total change, the HPSI experienced huge unpredictability among four of its six parts, including those estimating shopper view of homebuying and home-selling conditions, as well as assumptions about the future course of home costs and mortgage rates.