Current:Home > reviewsWhen mortgage rates are too low to give up -FundSphere
When mortgage rates are too low to give up
View
Date:2025-04-15 09:08:31
The average mortgage rate in the U.S. just hit 7.09%—its highest level in more than two decades. And that's having ripple effects in the wider economy. Some homeowners feel locked in, tethered to their super low interest rates and unable to find something better. Today on the show, what happens when homeowners are locked in by low rates?
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
veryGood! (5297)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- George Carlin is coming back to life in new AI-generated comedy special
- Woman, who fended off developers in Hilton Head Island community, has died at 94
- First time filing your taxes? Here are 5 tips for tax season newbies
- Daughter of Utah death row inmate navigates complicated dance of grief and healing before execution
- France’s youngest prime minister is a rising political star who follows in Macron’s footsteps
- Best TD celebrations of 2023 NFL season: Dolphins' roller coaster, DK Metcalf's sign language
- Ancient human DNA hints at why multiple sclerosis affects so many northern Europeans today
- Carolinas bracing for second landfall from Tropical Storm Debby: Live updates
- GOP-led House Judiciary Committee advances contempt of Congress resolution for Hunter Biden
Ranking
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Sinéad O'Connor died of natural causes, coroner says
- Delaware judge limits scope of sweeping climate change lawsuit against fossil fuel companies
- Federal lawsuit against Florida school district that banned books can move forward, judge rules
- JoJo Siwa reflects on Candace Cameron Bure feud: 'If I saw her, I would not say hi'
- Why oil in Guyana could be a curse
- 600,000 Ram trucks to be recalled under settlement in emissions cheating scandal
- Amy Schumer Unveils Topless Selfie With “40 Extra Lbs”
Recommendation
Beware of giant spiders: Thousands of tarantulas to emerge in 3 states for mating season
Man dies after he was found unresponsive in cell at problem-plagued jail in Atlanta
600,000 Ram trucks to be recalled under settlement in emissions cheating scandal
Lisa Rinna's Confession About Sex With Harry Hamlin After 60 Is Refreshingly Honest
Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport
Raptors' Darko Rajaković goes on epic postgame rant, gets ringing endorsement from Drake
Jimmy Kimmel slammed Aaron Rodgers: When is it OK to not take the high road?
Acupuncture is used to treat many conditions. Is weight loss one?