Mortgage rates surge to 8% amid record low supply of homes for sale - NBC News

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Over just two years, mortgage rates have surged from 3% to 8%, which can add nearly $1,000 to the monthly payment on a median priced home. The supply of homes for sale has hit a record low, leaving many potential homebuyers anxious over when the best time will be to buy a home. CNBC’s Diana Olick reports.Oct. 31, 2023

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• 

  Israel-Hamas war hits home for many Minneapolis residents

  02:55

• Now Playing

  

  Mortgage rates surge to 8% amid record low supply of homes for sale

  01:50

• UP NEXT

  

  Police release dramatic new video of Lahaina wildfires

  01:44
• 

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  02:14
• 

  Months before mass shooting, people who knew Maine suspect warned of his behavior

  02:14
• 

  More humanitarian aid sent into Gaza from Egypt as many Americans remain trapped

  02:12

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Mortgage rates surge to 8% amid record low supply of homes for sale - NBC News
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