Mortgage rates hit 7%: What it means for homebuyers
Mortgage rates hit 7%: What it means for homebuyers

Mortgage rates hit 7%: What it means for homebuyers

The average rate for a 30-year fix loan hit 7.12% on Monday, according to Bankrate. It comes as the Federal Reserve raised its benchmark rate. Viviana Cherman, the president-elect for the Bay East Association of Realtors, joined us on "The Nine" to discuss what it means for homebuyers.

Top Videos

Most Watched

KTVU Vault

Wild Rides