Most Americans say it's a good time to sell a home – here's why you may consider a mortgage refinance instead

Most Americans say it’s a good time to sell a home – here’s why you may consider a mortgage refinance instead
By Kelsey Ramirez
article
Home prices are surging at a record pace, causing consumers to agree now is not a good time to buy a home. (iStock)
Although mortgage interest rates remain near record lows, more Americans are now saying that while it's a good time to sell a home, it's not a good time to buy. However, as median home values surge across metro areas, it may be a great time to refinance.
The latest
Home Purchase Sentiment Index from Fannie Mae saw some volatility in its "good time to buy" and "good time to sell" components. As of June, 64% of survey respondents said now is a bad time to buy a home, up from 56% the month before, while 77% said now is a good time to sell, up from 67% in May. That can largely be attributed to rising home prices, which are surging at a record-breaking pace.

Related Keywords

United States ,Americans ,Freddie Mac ,Ben Graboske ,Doug Duncan ,Fannie Mae ,Mortgage Market ,Purchase Sentiment Index ,Mortgage Market Survey ,Black Knight Data ,Knight President Ben Graboske ,Black Knight ,Collateral Analytics ,ஒன்றுபட்டது மாநிலங்களில் ,அமெரிக்கர்கள் ,ஃப்ரெடி மேக் ,டக் டங்கன் ,பன்ணிிே மே ,அடமானம் சந்தை ,கொள்முதல் உணர்வு குறியீட்டு ,அடமானம் சந்தை கணக்கெடுப்பு ,கருப்பு நைட் தகவல்கள் ,கருப்பு நைட் ,இணை பகுப்பாய்வு ,