CNN: As Rent Inflation Remains Sticky, Rising Mortgages Fueling 'Worst Affordability Crisis' in Housing in 40 Years

On Friday's broadcast of "CNN This Morning," co-host Phil Mattingly and CNN International host Julia Chatterley discussed the surge in mortgage rates and said that the skyrocketing mortgage rates have contributed to "the worst affordability crisis in housing that we've seen for four decades" that won't "really change until the Federal Reserve starts to bring rates down, these things ease, people start to sell their homes, and that's going to take some time" and that comes as rent prices remain high and are one of the stickiest inflation components.