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MSNBC Alex Witt Reports June 4, 2024 17:22:00

Rising. reporter: adjusting budgets for home buying. katie beck, abc news, richmond. americans are not just facing higher mortgage rates. inflation hit a 41-year high with consumer prices jumping 8.5% from last march. costs are rising on just about everything from food to energy to housing, forcing the average household to spend an additional $327 a month. that is according to moody s analytics analysis. joining me is the chief economist from moody s analytics. welcome to you. can i just say though, my jaw dropped. unbelievable. that was unbelievable, that house, those showings. we here in the studio were, like, what? it looked like a party and just imagine the feelings of that. unreal. imagine the seller. they were pretty happy i suppose. oh, yeah. point well taken. they re happy. as we look at this piece, the average rate of a 30-mere ....

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