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Is Iran to blame for the high interest rates?
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Connor MacIvor talks about whether the war in the Middle East is behind high mortgage rates. He explains that it is hitting fuel, food and mortgage costs, and buyers are pulling back because they can no longer qualify, not because they have stopped wanting to buy. He says California prices are seeing 2% and 3% reductions, while Texas and the Midwest are dropping more. Sellers who do not get offers will face price cuts, a delicate spot. His advice for sellers: price right at market value or a little below, check which homes you compete with, and…
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