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Mortgage rates hit 7%: What it means for homebuyers

Mortgage rates hit 7%: What it means for homebuyers
Photo: KTVU FOX 2 News · view original

The average rate for a 30-year fix loan hit 7.12% on Monday, according to Bankrate. It comes as the Federal Reserve raised its benchmark rate. Viviana Cherman, the president-elect for the Bay East Association of Realtors, joined us on "The Nine" to discuss what it means for homebuyers.

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