30-year fixed mortgage rate climbs back to two-decade high
4:00
CBS News
30-year fixed mortgage rate climbs back to two-decade high
The average rate of a 30-year mortgage climbed back to 7.08%, the highest in two decades. CBS News’ Lana Zak and Errol Barnett speak with Dory Wiley, president & chief executive officer of Commerce Street Holdings, on what’s driving the increase in mortgage rates.
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