Mortgage rates climb above 6%
Former Dallas Fed adviser Danielle DiMartino Booth and Slatestone Wealth Chief market strategist Kenny Polcari discuss the Fed's handling of inflation and the state of the housing market as pricing weakens demand.
The 15-year fixed-rate mortgage averaged 5.44%. Last week they averaged 5.21%. A year ago at this time, the 15-year FRM was 2.15%. Houses under construction at the Norton Commons subdivision in Louisville, Kentucky, US, on Friday, July 1, 2022. Photographer: Luke Sharrett/Bloomberg via Getty Images
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