Redfin economist: As long as homeowners hold out, market prices won't decline

Mortgage rates jumped up for the fifth week in a row, moving above 6% in the face of the Federal Reserve’s supersized hike this week. Redfin’s Chief Economist Daryl Fairweather tells “Nightcap’s” Jon Sarlin what potential homebuyers should know if they’re looking to jump into a cooling real estate market. For more, watch the full Nightcap episode here.

(SOURCE) https://www.cnn.com/videos/business/2022/09/22/nightcap-housing-mortgage-rates-clip-orig-af.cnn

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