mechanical failure. >> the california highway patrol is investigating and mortgage rates have yet again, top 7% this week, just take a look at this breakdown. >> in 2016 on a $300,000 home loan, your payment would have been about 40 $1,800 a month. >> well, today that same $300,000 home would cost you $600 a month, more at 2000 a month. >> mortgage rates climbed last week based on expectations that the fed will not cut interest rates any time soon joining me right now to discuss, is michelle singletary a personal finance columnist for the washington post. >> michelle, you always have a rosy outlook on things, but this is kinda downright depressing if you're in the market of buying a home is going to cost you a whole lot more. so what are you telling potential home buyers and sellers what should they should what they should do yeah. you know i don't want people to be
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