Aug. 11, 2014 – Just over half of the respondents to a Federal Reserve survey taken last September were confident in their ability to obtain a mortgage if they were to apply, according to data published in the Economic Well-Being of U.S. Households report.The survey collected data from more than 4,100 people from Sept. 17-Oct. 4, 2013. The report provides “a snapshot of the self-perceived financial and economic well-being of U.S. households and the issues they face,” according to the Fed’s statement on the report released Thursday. Numerous topics are addressed within the report, including housing and living arrangements; credit access and behavior; education and student loan debt; savings; retirement; and health expenses.Of note in the Fed’s survey report:
Doug Duncan, Fannie Mae’s senior vice president and chief economist, discussed attitudes about home ownership and affordability during NAFCU’s Annual Conference and Solutions Expo in Las Vegas.