Mortgage rates above 7% described as the 'new normal'

CNBC reports economists say mortgage rates above 7% may be the new normal, citing high inflation and competition for investor dollars that keep longer-term rates elevated.

Timeline

1. 26 Oct, 14:00 UTCCNBC covers 'new normal' mortgage rate claim

Top sources

• Mortgage rates above 7% are the 'new normal'—here's whyCNBC