Fannie Mae CEO reveals contrasting housing markets for buyers and sellers

The U.S. housing market is experiencing a divide between home buyers who struggle with affordability and homeowners who are locked into low mortgage rates, according to Fannie Mae CEO Priscilla Almodovar. With the 30-year mortgage rate approaching 8%, buyers are finding it difficult to purchase homes, while homeowners have little incentive to sell. This has created a "tale of two markets" in the housing industry.