Markets & Economy

Most consumers think it’s easy to get a mortgage

Fannie Mae survey suggests economy 'dragging housing upward'

Consumers are more confident that they can qualify for a mortgage and are more optimistic about the economy than they have been in nearly five years, according to a monthly survey released by mortgage giant Fannie Mae. The continuing improvement in consumer attitudes captured by Fannie Mae's National Housing Survey in February supports the expectation that 2015 will be a year of the economy "dragging housing upward," said Fannie Mae Chief Economist Doug Duncan in a statement. The share of respondents who believe it would be easy to get a home mortgage today rose to 54 percent, the highest rate recorded since the inception of the survey nearly five years ago. Meanwhile, the share who think it would be difficult to get a mortgage fell four percentage points from January, to an all-time survey low of 43 percent. Respondents were also more optimistic about the direction of the U.S. economy than they have been at any time since the survey's debut. Forty-seven percent o...