Fading hopes that mortgage rates will come down in the next 12 months are primary drag on Fannie Mae's Home Purchase Sentiment Index, but job and income concerns also up in March
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Fannie Mae's National Housing Survey suffered its sixth-straight month of declines — and the lowest reading in a decade — as market conditions pushed buyers and sellers to the sidelines
Only 17% of Americans surveyed in May said it was a good time to buy a home, breaking previous record lows of 19% seen in April and 24% in March
Millennials are particularly sensitive to mortgage rates, survey also finds