Mortgage interest rates are surging. Today, Lucas Downey of breaks down what that means for new home buyers.

Many dinner tables are discussing higher mortgage interest rates. Rates are surging from nearly 3% late last year to nearly 6.5% today. Each percentage point increase in rates has a massive cost over the life of the loan. Lucas breaks it down for you. As costs surge, that can mean less consumer discretionary spending. Lucas highlights four sectors to overweight in these tough times: Utilities, Healthcare, Staples, and Energy.

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