CNN CNN Newsroom With Poppy Harlow and Jim Sciutto January 21, 2022 14:59:00
On how many purchase. >> reporter: rising rates will affect home buyers in pricier coastal cities where they're more often right on the cusp of qualifying for a home mortgage. in chicago, where realtors say locking in a good mortgage rate now. >> you don't want to pay more money if you don't have to pop that's kind of why we did decide to go through the preapproval process earlier so if we found something, we could jump on it. >> reporter: mary kate and her husband are first-time home buyers working against two time lines. their lease is up six months, and the mortgage rates are rising. >> we'...