Consumers Are More Optimistic About Housing

The NAR reports that the Federal Reserve Board of New York is saying that consumer interest in housing is gaining momentum.

The most significant growth in optimism was among the lower credit spectrum compared to a year ago. In the same time frame, optimism has remained robust in the middle and upper credit tiers.

The report additionally indicates that the share of lower-FICO borrowers who applied for a mortgage in February was 5.9 percent, up from 4.2 percent four months earlier.

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