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High mortgage rates drive down home sales

Name: High mortgage rates drive down home sales
Uploaded: 2022-11-03T18:40:58-0400
Duration: 2 min 9 s
Description: Home sales across the country over the last eight months are down as the Federal Reserve raises interest rates. Rising mortgage rates are shrinking the number of people who can get a loan and buy a home. Lilia Luciano takes a look.

Home sales across the country over the last eight months are down as the Federal Reserve raises interest rates. Rising mortgage rates are shrinking the number of people who can get a loan and buy a home. Lilia Luciano takes a look.