Mortgage rates hit highest level since 2009 – CNN

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Former president and CEO of the Federal Reserve Bank of New York Bill Dudley breaks down why a “soft landing” will be difficult to pull off.”},{“title”:”Analyst: ‘Lockdown in Shanghai will rock China’s economy'”,”duration”:”02:56″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/29/shanghai-covid-lockdown-china-economy-lu-stout-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/29/shanghai-covid-lockdown-china-economy-lu-stout-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220429084825-shipping-containers-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/29/shanghai-covid-lockdown-china-economy-lu-stout-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Containers piling up at Shanghai’s port and flight suspensions are putting pressure on global supply chains. CNN’s Kristie Lu Stout reports on the economic consequences of China’s zero-Covid strategy.”,”descriptionText”:”Containers piling up at Shanghai’s port and flight suspensions are putting pressure on global supply chains. CNN’s Kristie Lu Stout reports on the economic consequences of China’s zero-Covid strategy.”},{“title”:”‘We really shouldn’t panic’: CNN reporter breaks down US economy shrinkage”,”duration”:”01:32″,”sourceName”:”CNN”,”sourceLink”:”https://cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/28/us-economy-shrinkage-aqa-egan-newsroom-ldn-vpx.cnn/index.xml”,”videoId”:”business/2022/04/28/us-economy-shrinkage-aqa-egan-newsroom-ldn-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220428151905-video-thumbnail-us-economy-1-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/28/us-economy-shrinkage-aqa-egan-newsroom-ldn-vpx.cnn/video/playlists/business-economy/”,”description”:”The US economy shrank in the first quarter of 2022, declining at an annual rate of 1.4%. CNN’s Matt Egan explains the driving factors behind this. “,”descriptionText”:”The US economy shrank in the first quarter of 2022, declining at an annual rate of 1.4%. CNN’s Matt Egan explains the driving factors behind this. “},{“title”:”‘Puts me on the street’: Americans forced out of homes as rents skyrocket”,”duration”:”02:58″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/27/rising-rent-prices-us-yurkevich-pkg-the-lead-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/27/rising-rent-prices-us-yurkevich-pkg-the-lead-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220427145238-housing-crisis-rising-rent-yurkevich-pkg-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/27/rising-rent-prices-us-yurkevich-pkg-the-lead-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Amid rising inflation and higher property taxes and mortgage rates, Americans are witnessing rent increases. CNN’s Vanessa Yurkevich met with some of those struggling through the housing affordability crisis. “,”descriptionText”:”Amid rising inflation and higher property taxes and mortgage rates, Americans are witnessing rent increases. CNN’s Vanessa Yurkevich met with some of those struggling through the housing affordability crisis. “},{“title”:”Inside the American struggle with rising energy prices”,”duration”:”03:08″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/26/energy-costs-rising-america-impact-cohen-dnt-the-lead-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/26/energy-costs-rising-america-impact-cohen-dnt-the-lead-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220426152543-energy-costs-rising-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/26/energy-costs-rising-america-impact-cohen-dnt-the-lead-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Americans are seeing a rise in their energy bills and many of them are struggling to keep up with the spikes in cost. CNN’s Gabe Cohen offers a glimpse into the lives of some of those battling the energy crisis.”,”descriptionText”:”Americans are seeing a rise in their energy bills and many of them are struggling to keep up with the spikes in cost. CNN’s Gabe Cohen offers a glimpse into the lives of some of those battling the energy crisis.”},{“title”:”3 reasons why Deutsche Bank is forecasting a recession”,”duration”:”01:21″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/26/us-recession-deutsche-bank-egan-sot-newsroom-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/26/us-recession-deutsche-bank-egan-sot-newsroom-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211219152818-deutsche-bank-logo-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/26/us-recession-deutsche-bank-egan-sot-newsroom-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Deutsche Bank predicts a “major recession” in the US, amid high inflation and investor concerns. CNN’s Matt Egan reports. “,”descriptionText”:”Deutsche Bank predicts a “major recession” in the US, amid high inflation and investor concerns. CNN’s Matt Egan reports. “},{“title”:”Forget oil. Here’s how Russia’s war in Ukraine is jacking up food prices.”,”duration”:”01:48″,”sourceName”:”CNN”,”sourceLink”:”cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/25/food-prices-ukraine-russia-romans-orig.cnn/index.xml”,”videoId”:”business/2022/04/25/food-prices-ukraine-russia-romans-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220425090155-01-ukraine-gallery-update-042522-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/25/food-prices-ukraine-russia-romans-orig.cnn/video/playlists/business-economy/”,”description”:”Russia’s invasion of Ukraine shook up the oil market, but the disruption to global food supplies could lead to hunger and spark social unrest in parts of the world.”,”descriptionText”:”Russia’s invasion of Ukraine shook up the oil market, but the disruption to global food supplies could lead to hunger and spark social unrest in parts of the world.”},{“title”:”European Central Bank buckles down on price stability “,”duration”:”03:01″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/22/european-central-bank-president-inflation-price-stability-qmb-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/22/european-central-bank-president-inflation-price-stability-qmb-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220422130640-christine-lagarde-european-central-bank-president-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/22/european-central-bank-president-inflation-price-stability-qmb-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”European Central Bank President Christine Lagarde says the war in Ukraine has derailed Covid recovery. Now the bank is focused on price stability, taming inflation and ensuring growth is strong.”,”descriptionText”:”European Central Bank President Christine Lagarde says the war in Ukraine has derailed Covid recovery. Now the bank is focused on price stability, taming inflation and ensuring growth is strong.”},{“title”:”Why mortgage rates will likely continue to rise”,”duration”:”01:50″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/21/home-prices-mortgage-rates-rising-yurkevich-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/21/home-prices-mortgage-rates-rising-yurkevich-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220413151907-us-home-mortgage-rates-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/21/home-prices-mortgage-rates-rising-yurkevich-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Home prices are up 15% year to year, amid strong demand and low supply. Mortgage rates and rental prices, meanwhile are also up. CNN’s Vanessa Yurkevich reports. “,”descriptionText”:”Home prices are up 15% year to year, amid strong demand and low supply. Mortgage rates and rental prices, meanwhile are also up. CNN’s Vanessa Yurkevich reports. “},{“title”:”US Treasury Secretary: This is what’s hurting pandemic recovery”,”duration”:”00:45″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/19/ukraine-war-food-insecurity-economy-pandemic-recovery-janet-yellen-sot-qmb-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/19/ukraine-war-food-insecurity-economy-pandemic-recovery-janet-yellen-sot-qmb-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220406093912-01-janet-yellen-file-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/19/ukraine-war-food-insecurity-economy-pandemic-recovery-janet-yellen-sot-qmb-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”US Treasury Secretary Janet Yellen says the war in Ukraine poses an economic threat that’s contributing to inflation and hurting recovery from the pandemic.”,”descriptionText”:”US Treasury Secretary Janet Yellen says the war in Ukraine poses an economic threat that’s contributing to inflation and hurting recovery from the pandemic.”},{“title”:”IMF cuts global growth forecast as war in Ukraine continues”,”duration”:”02:24″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/19/imf-cuts-global-growth-forecast-stewart-sot-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/19/imf-cuts-global-growth-forecast-stewart-sot-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220412103124-us-recession-threat-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/19/imf-cuts-global-growth-forecast-stewart-sot-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”The International Monetary Fund has cut its global growth forecast in half, citing the war in Ukraine. The economies of Russia, Ukraine and China are all expected to shrink, adding to the global economic setback. CNN’s Anna Stewart reports. “,”descriptionText”:”The International Monetary Fund has cut its global growth forecast in half, citing the war in Ukraine. The economies of Russia, Ukraine and China are all expected to shrink, adding to the global economic setback. CNN’s Anna Stewart reports. “},{“title”:”How China’s lockdowns may affect the US economy”,”duration”:”02:18″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/18/us-inflation-china-economy-supply-chain-egan-sot-newsroom-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/18/us-inflation-china-economy-supply-chain-egan-sot-newsroom-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220418022542-shanghai-lockdown-file-041722-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/18/us-inflation-china-economy-supply-chain-egan-sot-newsroom-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”CNN’s Matt Egan explains how the downward direction that China’s economy is headed toward resulting from lockdowns can negatively impact the supply chain crisis and inflation in the US. “,”descriptionText”:”CNN’s Matt Egan explains how the downward direction that China’s economy is headed toward resulting from lockdowns can negatively impact the supply chain crisis and inflation in the US. “}],’js-video_headline-featured-1zaftap’,”,”js-video_source-featured-1zaftap”,true,true,’business-economy’);if (typeof configObj.context !== ‘string’ || configObj.context.length