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Transcripts for FOXNEWS America Reports With John Roberts Sandra Smith 20240604 18:35:00

trace: hitting a record high in march at $375,000, that is according to the national association of realtors, that is up 15% from this time last year. mortgage rates also up above 5%. that is if you can even find a house to buy in the first place. gerri willis from the fox business network tracking this from new york city. jerry, good afternoon. good afternoon to you, trace, that s right, people are calling it the american pipe dream. rising mortgage rates exploding home prices and historically low inventory is putting the american home dream out of reach. it s turbulent times for home buyers saying that s an uphill battle to secure their forever home. your singer right here, 5.11%, that is the new average interest rate for a 30-year fixed rate mortgage according to freddie mac and it s up for may 22 low of 3.22% in january

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