Mortgage rates have hit 7%. What should people searching for a home do?

Mortgage rates have hit 7%. Mark Hamrick, Washington bureau chief for Bankrate, talks about what this means for borrowers and how this will affect the housing market.

Jan 17, 2025 - 10:02
Mortgage rates have hit 7%. What should people searching for a home do?

Mortgage rates have hit 7%. Mark Hamrick, Washington bureau chief for Bankrate, talks about what this means for borrowers and how this will affect the housing market.