Mortgage Rates Above 7% Dampen Homebuyer Sentiment, But Some See Opportunity Before Rates Drop

Mortgage rates over 7% are fueling record housing pessimism among consumers in Fannie Mae's monthly survey.

High mortgage rates surpassed high home prices as the top reason consumers think it's a bad time to buy.

Some experts say now is a good time to buy before rates drop again and prompt higher demand and prices.

Barbara Corcoran predicts "all hell will break loose" with demand when rates eventually fall.

Emma Hernan advises buying the smallest home in the best neighborhood for the soundest investment.