High mortgage rates compound housing affordability challenges
By PBS NewsHour
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The average rate on a 30-year mortgage is back above 7% for the first time in twenty months. It’s rough news for the housing market and homebuyers already struggling with rising prices elsewhere. It comes as Treasury yields, which impact borrowing costs across the economy, hit multi-decade highs. Amna Nawaz discussed more with David Wessell of the Hutchins Center on Fiscal and Monetary Policy. Watch PBS News for daily, breaking and live news, plus special coverage. We are home to PBS News Hour, ranked the most credible and objective TV news show. Sign up for Here's The Deal with Lisa Desjardins: https://to.pbs.org/41q6E8i Subscribe for exclusive content in our newsletters: https://www.pbs.org/newshour/subscribe PBS News podcasts: https://www.pbs.org/newshour/podcasts Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG Find more from PBS News at https://www.pbs.org/newshour Subscribe to our YouTube channel: https://bit.ly/2HfsCD6 Follow us: TikTok: https://www.tiktok
Tags: mortgage rates, cost of living in america, mortgage rates increase
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