Watch CBS News

Rising mortgage rates cooling down hot U.S. housing market

Name: Rising mortgage rates cooling down hot U.S. housing market
Uploaded: 2022-10-17T12:29:00-0500
Duration: 1 min 38 s
Description: The average rate on a 30-year fixed-rate mortgage now sits at 6.92%, the highest it has been since 2002.

The average rate on a 30-year fixed-rate mortgage now sits at 6.92%, the highest it has been since 2002.