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Mortgage Rates Surge and What It Means | Springfield Missouri News
Mortgage rates are surging—30-year fixeds over 7.2%, 15-years near 6.8%—pushing toward levels last seen in 2023 as the Fed fights inflation with potential rate hikes. For buyers, higher rates mean pricier loans but less competition and more negotiating power. Sellers face tougher markets with fewer buyers, making realistic pricing critical. Even amid rising costs, demand in places like the Ozarks remains strong due to tight inventory, with local leaders scrambling to boost supply. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on…
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