Mortgage rates hit highest levels since 2000s

(NewsNation) —  Mortgage rates are at their highest level since the housing bubble in the 2000s with an average rate of a 30-year mortgage reaching more than six percent.

According to the Harvard Joint Center for Housing, home prices have increased nearly 19 percent year over year across the U.S.

In the video above, Million Dollar Listing Los Angeles host Josh Flagg gives his advice to prospective buyers.