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Rising mortgage rates increase cost of living for millions
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.
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