Undeterred by rising mortgage rates, the majority of consumers polled in a Fannie Mae survey expressed belief that the market will continue to improve, with 53 percent saying they expect home prices will go up in the next year–though that figure does represent a decline of 4 percentage points from June’s high. The share of respondents who believe interest rates will continue to rise over the next year increased another 5 percentage points over June to a new survey high of 62 percent.
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