Watch CBS News

Mortgage rates hit two-decade high

Mortgage rates have climbed to their highest levels in two decades. The average 30-year fixed-rate mortgage now tops 7%. "CBS News Mornings" spoke with Javier David, managing editor of business and markets at Axios, about what this means for the housing market.
Oct 27, 2022 (05:43)
Videos
View CBS News In
CBS News App Open
Chrome Safari Continue