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Transcripts for CNN Early Start With Christine Romans and Laura Jarrett 20240604 09:37:00

fed makes mortgages more expensive. let me show you what these higher prices mean. the average home price is more than $440,000. with today s 30-year fixed rate mortgage assuming an average credit score and 20% down payment, the monthly payment would be about $2500. a year ago the same mortgage the payment would have been $1816. that is more than $700 difference for the exact same home. that s what higher interest rates do in an economy. let s bring in john lehr. so glad to have you here this morning, john. huge rate hike. that was big, historic news. they re downgrading their expectations for growth. what does that mean to you? you know, i think what is interesting about this is it s part of this consistent trend we ve seen, which is over the

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