Realtor.com CEO Damian Eales joins to discuss the impact of 7% mortgage rates on the housing market. Eales explains how high rates lock out first-time homebuyers and increase the average age of buyers from 30 to 40. #foxbusiness #fox #realtorcom #housingmarket #mortgagerates #firsttimehomebuyer #realestate #housingaffordability #economy #usnews
National Association of Home Builders President and CEO Jim Tobin discusses the historically rough housing market on 'Maria Bartiromo's Wall Street.' #fox #media #breakingnews #us #usa #new #news #breaking #foxnews #mariabartiromoswallstreet #housing #homes #homebuyers #builders #affordability #economy #realestate #sales #market #construction #mortgage #prices #finance #business #jimtobin
The rates are closely related to the 10-year Treasury yield, which is facing upward pressure from rising oil prices and reached an 18-month high on Thursday.