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Mortgage rates hit two-decade high

Name: Mortgage rates hit two-decade high
Uploaded: 2022-10-27T11:00:34-0400
Duration: 5 min 43 s
Description: Mortgage rates have climbed to their highest levels in two decades. The average 30-year fixed-rate mortgage now tops 7%. "CBS News Mornings" spoke with Javier David, managing editor of business and markets at Axios, about what this means for the housing market.

Mortgage rates have climbed to their highest levels in two decades. The average 30-year fixed-rate mortgage now tops 7%. "CBS News Mornings" spoke with Javier David, managing editor of business and markets at Axios, about what this means for the housing market.