Fannie Mae Homepath Negotiation Question

[Nadine Kwiatkowski]

Hi all, 

First time home buyer with a question on Fannie Homepath purchases. I recently put an offer on a home that had a recent price adjustment. I still felt it was priced too high compared to similar houses in the area. 

I offered about 30K less than the reduced price and they countered about 15K more than my offer. I held firm and it was rejected. I submitted another offer at 20K less and they now counters with 16K more than that. Is there any reasoning for this? I've stayed firm again at my 20K less than listing and anticipate another rejection. 

Is Fannie playing around? I'm considering waiting a few more days and putting in my original offer again. If anyone has any input or experience it would be appreciated. This would be an owner occupied home for me.

Thanks in advance!