Mortgage Rates are Rising at Fastest Rate in a Decade (Video)

CBS News, May 9, 2022–Tony Dokoupil, Tanya Rivero
Mortgage rates in the U.S. are at their highest level since 2009. The average for a 30-year loan jumped a tenth of a percent last week to 5.2%. Mike Fratantoni, chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association, joined CBS News’ Tony Dokoupil and Tanya Rivero to discuss.