Mortgage rates continue to climb
It’s hard to believe not too far in the past mortgage interest rates were at 3%, fast forward today, and now we are at 6.25%. As a result, the nation’s housing for sale market is slowing down. I guess you don’t need to be an economist to predict that would happen.
In the video below, CNBC’s Diana Olick joins ‘The Exchange’ for a housing market news alert about mortgage rates hitting 6.25%.