How mortgage rates affect housing market as Federal Reserve weighs new interest rate hike

Experts expect the Federal Reserve to raise interest rates later this week as it continues to fight inflation. Mortgage rates have also jumped in recent months. Mark Zandi, chief economist of Moody’s Analytics, joined Lilia Luciano to discuss what high mortgage rates mean for the housing market.

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Mainstream media is often "Fake News." Nevertheless, one needs to see what others are seeing and then read with discernment.

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