U.S. consumer sentiment for home buying rose to its strongest in nine months, as a result of a sturdy jobs market and a decline in mortgage rates so far this year, according to Fannie Mae.
The federal mortgage agency said its home purchase sentiment index increased by 5.5 points to 89.8 points, its highest since last June. Fannie Mae’s latest data showed the net share of consumers surveyed in March who said it is a good time to sell a home jumped 13 points to 43%.