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PBS NewsHour

Rising mortgage rates increase cost of living for millions

Season 2023 Episode 274 | 7m 50s

The Federal Reserve did not hike interest rates Wednesday, but many Americans are still struggling with the burden of the higher costs of borrowing. The Fed’s series of hikes over more than a year has triggered a big jump in mortgage rates, pushing them to the highest level in more than two decades. Daryl Fairweatherr, chief economist of the real estate company Redfin, joins Amna Nawaz to discuss.

Major corporate funding for the PBS NewsHour is provided by Care.com, Consumer Cellular, and Fidelity. Funding for the PBS NewsHour Weekend is provided by Mutual of America. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
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PBS NewsHour
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PBS NewsHour
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PBS NewsHour
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Clip: S2025 E182 | 8:52
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Clip: S2025 E182 | 5:45
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PBS NewsHour
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PBS NewsHour
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