stand vigil by her coffin. we re seeing world leaders beginning their journeys to pay respects to queen elizabeth. president joe biden and the first lady departing the u.s. this morning to attend the queen s funeral, which is scheduled for monday. earlier today, canadian prime minister justin trudeau and his wife paying their respects to the queen as she lies in state at westminster hall. arlette saenz, max foster covering the story. the royal grandchildren holding vigil a short time from now. what will that be like? reporter: i think it will be very powerful. prince edward s children are particularly young. they ll gather around the coffin. this is something they wanted to do. they ll include princes william and harry. i don t expect to see the spouses there, the princess of wales or the duchess of sussex, but it will be a powerful moment seeing those children come in. the queen was dedicated to her grandchildren. they all had different relationships with her, different
are we look at a housing crisis in the u.s. right now? it s certainly more expensive to be a renter, a home buyer, anyone who s trying to move and find a new place to live. prices are going up as you noted for both buyers, for renters, and so it s just one of many items that consumers are paying for more right now. for buyers, what is driving mortgage rates higher? mortgages moved higher because financial conditions have changed. the fed is pulling back on the monetary policy stimulus it put in in the last few years during the pandemic to keep the economy on track. as it pulls back, it s raising short-term rates and raising security purchase, and that pushes shorts term rates and eventually long-term rates higher and mortgage rates specifically because of the mortgage-backed securities purchases. that means higher borrowing costs for home shoppers in the market today.
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