Housing data shows that 7% mortgage rates are the 'new normal,' says Compass' Robert Reffkin

Robert Reffkin, Compass CEO, joins 'Squawk on the Street' to discuss the the current state of the housing market, the impact of Fed rates on mortgage activity, and increasing rate of all cash buyers. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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