Current:Home > NewsWhen mortgage rates are too low to give up -AssetTrainer
When mortgage rates are too low to give up
View
Date:2025-04-15 09:36:36
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! (6472)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- Nigerian leader suspends poverty alleviation minister after financial transactions are questioned
- Irish singer Sinead O’Connor died from natural causes, coroner says
- Mel Brooks, Angela Bassett to get honorary Oscars at starry, untelevised event
- Tom Holland's New Venture Revealed
- Christian Oliver's Ex-Wife Says She “Deeply” Feels Love From Actor and Their Kids After Fatal Plane Crash
- Way-too-early Top 25: College football rankings for 2024 are heavy on SEC, Big Ten
- Michigan wins College Football Playoff National Championship, downing Huskies 34-13
- A South Texas lawmaker’s 15
- $1 million Powerball tickets sold in Texas and Kentucky are about to expire
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Aaron Rodgers Still Isn’t Apologizing to Jimmy Kimmel After Jeffrey Epstein Comments
- Budget agreement may include IRS cuts that curb plan to crack down on wealthy tax cheats
- Late-night host Jimmy Kimmel absolutely obliterates Aaron Rodgers in new monologue
- Travis Hunter, the 2
- Golden Globes 2024 red carpet highlights: Looks, quotes and more key moments
- Michael Penix Jr. overcame injury history, but not Michigan's defense, in CFP title game
- Indiana man serving 20-year sentence dies at federal prison in Michigan
Recommendation
B.A. Parker is learning the banjo
Jury duty phone scam uses threat of arrest if the victim doesn't pay a fine. Here's how to protect yourself.
Donald Glover, Caleb McLaughlin play 21 Savage in 'American Dream' biopic trailer
Will Johnson, Mike Sainristil and Michigan’s stingy D clamps down on Washington’s deep passing game
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
NASA set to unveil experimental X-59 aircraft aimed at commercial supersonic travel
When will the IRS accept 2024 returns? Here's when you can start filing your taxes.
US Rep. Greg Pence of Indiana, former VP Mike Pence’s older brother, won’t seek reelection