Why mortgage rates will likely continue to rise
Home prices are up 15% year to year, amid strong demand and low supply. Mortgage rates and rental prices, meanwhile are also up. CNN's Vanessa Yurkevich reports.
01:50 - Source: CNNBusiness
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Why mortgage rates will likely continue to rise
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NEW YORK, NEW YORK - MARCH 31: A home stands for sale in a Brooklyn neighborhood with a limited supply of single family homes on March 31, 2021 in New York City. As Americans increasingly look for larger spaces now that many are working and educating their children from home, prices of homes have risen an estimated 16% as supply can't meet demand. The number of homes for sale stands at a record low, with only a two-month supply at the current pace of sales.
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