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Mortgage rates are soaring. Here's what that means for home buyers
This week's mortgage rate jump to nearly 6% makes homes even more expensive. But will soaring rates finally bring the housing market back to earth? CNN Business' Matt Egan joins 'Nightcap's' Jon Sarlin to break it all down.
02:33 - Source: CNN
Houses and Homes 15 videos
nightcap 061622 mortgage clip 16x9
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Mortgage rates are soaring. Here's what that means for home buyers
02:33
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- Source: CNN
MIAMI, FLORIDA - JUNE 21: A 'for sale' sign hangs in front of a home on June 21, 2022 in Miami, Florida. (Photo by Joe Raedle/Getty Images)
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Buying or selling a home? Hear what this economist has to say about prices
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A For Sale sign is displayed in front of a house in Washington, DC, on March 14, 2022.
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Realtor.com chief economist shares her advice for homebuyers and sellers
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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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Typical monthly payment for US home up 42% in a year
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A For Sale sign is displayed in Falls Church, Virginia, on April 2, 2022.
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Why mortgage rates will likely continue to rise
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