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Mortgage rates soar as homeowners struggle
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Homeowners are feeling the sting of both inflation and higher interest rates.
"I think we all have felt the pain of everything in life is more expensive," Katie Barger, a licensed mortgage advisor, said.
Mortgage rates have soared to their highest levels in more than two decades with the 30-year fixed mortgage rate at 7.41%.
It's the highest rate since December 2000, and the increase in cost has fewer people applying for a mortgage as some homeowners struggle to keep up.
"I think we all have felt the pain of everything in life is more expensive," Katie Barger, a licensed mortgage advisor, said.
Mortgage rates have soared to their highest levels in more than two decades with the 30-year fixed mortgage rate at 7.41%.
It's the highest rate since December 2000, and the increase in cost has fewer people applying for a mortgage as some homeowners struggle to keep up.
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