Mortgage rates have hit a 20-year record high, but buyers are still eager to purchase homes in South Bend, Indiana.

“People want to buy a house even though the interest rates are up right now,” said Jan Lazzara, a real estate agent who has worked in St. Joseph County for more than two decades. “As long as we’re not overpriced, we’re seeing multiple offers.”

Although mortgage rates are slowing the home market across the country, buyers still face competition in South Bend due to limited inventory.

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