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New York Fed housing survey: Americans expect mortgage rates to rise above 8% a year from now

Economic Report Last Updated: March 29, 2023 at 6:26 p.m. ET First Published: March 28, 2023 at 11:24 a.m. ET By Aarthi Swaminathan Households expect home price growth to slow, but not stall, New York Fed says Consumers were gloomy about home-price growth, as well as mortgage rates, a new survey revealed. Joe Raedle/Getty Images

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Economic Report

Households expect home price growth to slow, but not stall, New York Fed says

Consumers were gloomy about home-price growth, as well as mortgage rates, a new survey revealed.

Joe Raedle/Getty Images

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U.S. consumers expect home-price growth to slow and mortgage rates to rise, according to a new survey by the New York Federal Reserve.

Households expect home prices to increase over the coming 12 months, the New York Fed said, but at the slowest pace since the survey began in 9 years. 

They…

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