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Transcripts for CNN CNN Newsroom With Fredricka Whitfield 20240604 20:41:00

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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