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CNN New Day Weekend With Christi Paul and Boris Sanchez June 4, 2024 09:34:00

reporter: good morning, christi and boris. the dream of home ownership is remaining just that for a growing number of americans, that s as home prices and mortgage rates move higher. a report from real estate firm adam finds that home prices rose 10% from a year ago. the report tracked home prices in about 60% of counties in the u.s. and found that a median price single-family home was less affordable than historical norms in the majority of the counties that were analyzed. that s as the average rate of a 30-year fixed loan hovers just below 5%. over the past week, mortgage news daily showed the rate crossing 5%. it may want sound like much, but if you re buying a big-ticket item like a house, a higher interest rate, it does make a difference in your monthly mortgage payment. a year ago, the rate on a 30-year fixed mortgage was just 3.38%. even as the pandemic wreaked havoc on much of the economy, home buying recovered quickly

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