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Transcripts For CNN CNN News Central 20240918

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Transcripts for CNN CNN Newsroom With Pamela Brown 20240604 01:41:00

Think we have to pay attention to that. that s a really that s really great advice. so you mentioned inflation. let s talk mortgage rates. with the fed raising interest rates to fight inflation this year, rates have hit nearly 5%. that is the highest it s been in a decade. so how does that affect buyers? yeah, that s a very good question. i mean, interest rates have definitely made it tougher in terms of an affordability standpoint for some. but i also think it s a good thing. i think it s good for the people that have been trying to get into the market that are more qualified to get into the market. and by reducing the amount of people going after the same home that are on the fence in terms of their finances and affordability i also think that contributes to creating a more healthy economy. it creates balance and stability and also creates a safer environment within the lending space to prevent things like mass foreclosures and the negative impacts that we re seeing or that w ....

Interest Rates , Talk Mortgage Rates , Affect Buyers , Affordability Standpoint , Lending Space ,