Watch CBS News

MoneyWatch: U.S. mortgage rates reach 20-year high

Name: MoneyWatch: U.S. mortgage rates reach 20-year high
Uploaded: 2022-10-14T12:41:19-0400
Duration: 5 min 5 s
Description: U.S. mortgage rates reached a 20-year high as the Federal Reserve continues to raise interest rates to try to tame inflation. CBS News' Errol Barnett and Elaine Quijano are joined by Zillow senior economist Orphe Divounguy to discuss the impact.

U.S. mortgage rates reached a 20-year high as the Federal Reserve continues to raise interest rates to try to tame inflation. CBS News' Errol Barnett and Elaine Quijano are joined by Zillow senior economist Orphe Divounguy to discuss the impact.