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The San Francisco

How rising mortgage rates are impacting the Bay Area real estate market

How rising mortgage rates are impacting the Bay Area real estate market
Photo: NBC Bay Area (KNTV, NBC) · view original

The mortgage rate for an average 30-year fixed rate hit 7.5% Monday, marking the highest it has been since April 2024. Santa Clara County Realtors Association said the hike is likely to make it even harder for homebuyers, particularly first-time homebuyers to afford to purchase a home. For those...

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