High mortgage rates pricing some hopeful homeowners out of the Bay Area

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High mortgage rates pricing some hopeful homeowners out of the Bay Area
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Prospective Bay Area home buyers are in a tough spot as mortgage rates hit a two-decade high, leaving some prospective home buyers re-evaluating their dreams.

DALY CITY -- Margarita Pabón is a single mother living in Daly City. She talked to CBS News Bay Area about the concerns she's facing in her quest to own a home. 'My big dream is to buy a house, but unfortunately, opportunities are becoming increasingly limited,' Pabón said.

With the market becoming increasingly complicated and mortgage rates soaring, Pabón and Jandres are working together to navigate these challenges on a modest income. Jandres encourages clients to explore creative solutions. 'I'm working hard to empower them and tell them that maybe they can also work as a family, gather their incomes together, and create a budget they can afford,' Jandres added.

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