Many homeowners said in a Redfin survey they would not be able to purchase their homes with today's rates and are unwilling to sell. Economist Peter Morici joined "NewsNation Now" to give a big-picture view of where the economy is right now and where it may be in the future. "The basic problem is that the Fed didn't hit the brakes hard enough. … We're kind of in a tough spot," he said. "This is very much a political economic problem, not just an economic problem."

#interestrates #mortgage #inflation

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