'It's still a seller's market' despite mortgage rates hitting 23-year high

Jessica Geren and her husband, Matt, traded in a 2.75% mortgage rate for a 5.5% adjustable-rate mortgage in July when they sold their home in Ledyard, Connecticut, to buy a new home in Croton, New York. The 5/1 arm adjustable- rate mortgage loan the Geren's took provides a fixed interest rate for…

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