Economist Jane Liu, Ph.D. examines what the return of 7 percent mortgage rates reveals about the broader economy. Liu looks beyond housing to explore how persistent inflation and higher interest rates are reshaping investment, capital allocation and the way economists measure money.
Mortgage rates have reached three-year highs, which is pushing down housing sales. Akiko Fujita has more details from Los Angeles.
Mortgage rates marched higher for the seventh week in a row, driving the average long-term U.S. home loan rate to its highest level in nearly three years.
Mortgage rates marched higher for the seventh week in a row, driving the average long-term U.S. home loan rate to its highest level in nearly three years.
Discussion (0)
No comments yet. Start the conversation!