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FNMA
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165 days

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%.

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FAQ

Why Bearish?

Falling sentiment and high mortgage rates could deter home buyers, affecting FNMA negatively.

How important is it?

Pessimism in housing sentiment directly affects FNMA's market outlook and valuation.

Why Short Term?

Immediate consumer sentiment shifts will influence FNMA in the upcoming housing season.

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