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What 7%+ mortgage rates mean for buyers and sellers
Original: What 7%+ mortgage rates mean for buyers and sellers, according to Marquesa Hobbs
Mortgage rates climbing above 7% are once again in focus for the US housing market. Marquesa Hobbs of FOX21 News Colorado breaks down what the higher borrowing costs mean for buyers facing steeper monthly payments and sellers contending with reduced demand and pricing pressure.
Why now: Mortgage rates hovering above 7% are affecting affordability, keeping the topic prominent in US housing coverage
Marquesa HobbsFOX21 News ColoradoUS housing market
Evidence
- What 7%+ mortgage rates mean for buyers and sellers, according to Marquesa Hobbs · FOX21 News Colorado
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