Home buyers are fed up with high mortgage rates, Fannie Mae says - MarketWatch
1. Housing sentiment dropped annually for the first time in two years. 2. Expectations for mortgage rate decreases fell from 35% to 30% among respondents. 3. 76% of consumers believe it's a bad time to buy a home. 4. Median home prices remained high amid pessimistic market outlook. 5. Consumers are adjusting to sustained high mortgage rates around 6% to 7%.