Today on “Post Reports,” we talk about mortgage rates, which are the highest they’ve been in two decades – what that means for the housing market, and why it could make housing costs even higher for renters and buyers alike – at least in the short term.
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Mortgage rates topped 7 percent this week, the highest level in 20 years — and the latest sign that the Federal Reserve’s aggressive moves to slow the broader economy are hitting the housing market hard already. Fed reporter Rachel Siegel breaks down what this means with our guest host, national security reporter Shane Harris.
