High mortgage interest rates make it more costly to finance a home purchase and to qualify for a loa

Name: High mortgage interest rates make it more costly to finance a home purchase and to qualify for a loa
Uploaded: 2022-09-20T18:16:00-0400
Duration: 2 min 24 s
Description: Mortgage interest rates are hitting a 14-year high, now above 6 percent for a traditional 30-year mortgage. As money editor Jon Delano reports, that means it will cost much more to finance a home purchase.

Mortgage interest rates are hitting a 14-year high, now above 6 percent for a traditional 30-year mortgage. As money editor Jon Delano reports, that means it will cost much more to finance a home purchase.