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- 1What 7%+ Mortgage Rates Mean for Buyers and Sellers●What 7%+ mortgage rates mean for buyers and sellers, according to Marquesa Hobbs
Mortgage rates above 7% are shaping decisions for home buyers and sellers, and FOX21 News Colorado turned to Marquesa Hobbs to break down what the high rates mean in practice. The discussion covers how elevated borrowing costs affect affordability for buyers and the incentive for sellers to hold onto low-rate loans rather than list their homes.