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MoneyWatch: Mortgage rates jump to 5.78%

Name: MoneyWatch: Mortgage rates jump to 5.78%
Uploaded: 2022-06-16T19:09:15-0400
Duration: 3 min 49 s
Description: Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years after the Federal Reserve raised its key rate by three-quarters of a point. CBS News' Lana Zak joins Carter Evans to discuss the impact of soaring rates on consumers.

Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years after the Federal Reserve raised its key rate by three-quarters of a point. CBS News' Lana Zak joins Carter Evans to discuss the impact of soaring rates on consumers.