Mortgage rates have spiked during the Federal Reserve’s historic inflation-curbing campaign.
U.S. mortgage rates surged to their highest level in nearly 23 years as inflation pressures persist.
The average rate on the popular 30-year fixed mortgage has risen to 7.72%.
Rates have not been this high since the end of 2000.
James Rodriguez, Senior Real Estate Reporter with Insider joins Veronica Dudo to discuss. #money #economy #housing #housingmarket #residential #realestate
