How mortgage rates affect housing market as Federal Reserve weighs new interest rate hike

Experts expect the Federal Reserve to raise interest rates later this week as it continues to fight inflation. Mortgage rates have also jumped in recent months. Mark Zandi, chief economist of Moody's Analytics, joined Lilia Luciano to discuss what high mortgage rates mean for the housing market. #news #mortgagerates #federalreserve CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel:    / cbsnews   Watch CBS News: https://cbsn.ws/1PlLpZ7c Download the CBS News app: https://cbsn.ws/1Xb1WC8 Follow CBS News on Instagram:   / cbsnews   Like CBS News on Facebook:   / cbsnews   Follow CBS News on Twitter:   / cbsnews   Subscribe to our newsletters: https://cbsn.ws/1RqHw7T Try Paramount+ free: https://bit.ly/2OiW1kZ For video licensing inquiries, contact: [email protected]