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Ask the Expert: Why are mortgage rates rising so high so fast?

It's getting harder and harder for some people to even think about owning their own homes. The latest numbers out Thursday say mortgage rates have hit their highest numbers in more than 20 years. It's only taken 2 years for mortgage interest rates to double.

It also shows up in the number of homes that are selling these days. Goldman Sachs came out with a study that shows home prices in Dallas are almost 4% lower in a year. There is a loss of hope for those people moving into North Texas as they look to find a new home


KRLD business analyst David Johnson joined Ask the Expert on Thursday.

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