Confidence in access to mortgage credit hits survey high

In January, consumer confidence in access to mortgage credit rose to the highest level that Fannie Mae has observed since it introduced its monthly National Housing Survey in June 2010.

Fifty-two percent of respondents to the survey said they think it would be easy for them to get a mortgage, up from 50 percent the previous month. Meanwhile, 45 percent said they think it would be difficult, down 3 percentage points month over month.

Last month, more people also came to see the market as a favorable one for sellers. The share of people who say it is a good time to sell a house climbed by 5 percentage points from December, to 38 percent. But the proportion who said now is a good time to buy a house fell by 2 percentage points to 65 percent.

Source: Fannie Mae