Prospective American homebuyers expected that mortgage rates would decline, according to a nationally representative survey conducted in August 2024. The youngest generation (18 to 34-year-olds) was the only age group that still expected a rise in interest rates in the next 12 months. People aged 45 to 64 were most optimistic, with the share of respondents expecting a decrease outweighing the share expecting a hike by 27 percent.
Prospective homebuyers' opinion about mortgage rates' development in next 12 months in the United States from January 2011 to August 2024, by age group
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Fannie Mae. (September 9, 2024). Prospective homebuyers' opinion about mortgage rates' development in next 12 months in the United States from January 2011 to August 2024, by age group [Graph]. In Statista. Retrieved December 10, 2024, from https://www.statista.com/statistics/1407576/mortgage-rates-development-expectations-usa-by-age/
Fannie Mae. "Prospective homebuyers' opinion about mortgage rates' development in next 12 months in the United States from January 2011 to August 2024, by age group." Chart. September 9, 2024. Statista. Accessed December 10, 2024. https://www.statista.com/statistics/1407576/mortgage-rates-development-expectations-usa-by-age/
Fannie Mae. (2024). Prospective homebuyers' opinion about mortgage rates' development in next 12 months in the United States from January 2011 to August 2024, by age group. Statista. Statista Inc.. Accessed: December 10, 2024. https://www.statista.com/statistics/1407576/mortgage-rates-development-expectations-usa-by-age/
Fannie Mae. "Prospective Homebuyers' Opinion about Mortgage Rates' Development in next 12 Months in The United States from January 2011 to August 2024, by Age Group." Statista, Statista Inc., 9 Sep 2024, https://www.statista.com/statistics/1407576/mortgage-rates-development-expectations-usa-by-age/
Fannie Mae, Prospective homebuyers' opinion about mortgage rates' development in next 12 months in the United States from January 2011 to August 2024, by age group Statista, https://www.statista.com/statistics/1407576/mortgage-rates-development-expectations-usa-by-age/ (last visited December 10, 2024)
Prospective homebuyers' opinion about mortgage rates' development in next 12 months in the United States from January 2011 to August 2024, by age group [Graph], Fannie Mae, September 9, 2024. [Online]. Available: https://www.statista.com/statistics/1407576/mortgage-rates-development-expectations-usa-by-age/