Current:Home > FinanceWhen mortgage rates are too low to give up -AssetLink
When mortgage rates are too low to give up
View
Date:2025-04-24 22:52:59
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! (53)
Related
- Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
- Traffic moving again on California’s scenic Highway 1 after lane collapsed during drenching storm
- Roll Tide: Alabama books first March Madness trip to Final Four with defeat of Clemson
- Shooting outside downtown Indianapolis mall wounds 7 youths, police say
- Tom Holland's New Venture Revealed
- Who's hosting 'SNL' tonight? Cast, musical guest, where to watch March 30 episode
- Gen V Star Chance Perdomo Dead at 27 After Motorcycle Accident
- Powerball winning numbers for March 30, 2024 drawing: Jackpot rises to $935 million
- Matt Damon remembers pal Robin Williams: 'He was a very deep, deep river'
- Majority of U.S. bridges lack impact protection. After the Key Bridge collapse, will anything change?
Ranking
- Breaking debut in Olympics raises question: Are breakers artists or athletes?
- March Madness games today: Everything to know about NCAA Tournament's Elite Eight schedule
- Everything's Bigger: See the Texas Rangers' World Series rings by Jason of Beverly Hills
- Jodie Sweetin's Look-Alike Daughter Zoie Practices Driving With Mom
- Connie Chiume, Black Panther Actress, Dead at 72: Lupita Nyong'o and More Pay Tribute
- A California woman missing for more than a month is found dead near a small Arizona border town
- Phoenix gets measurable rainfall on Easter Sunday for the first time in 25 years.
- Crews at Baltimore bridge collapse continue meticulous work of removing twisted steel and concrete
Recommendation
Audit: California risked millions in homelessness funds due to poor anti-fraud protections
Millions of recalled Hyundai and Kia vehicles with a dangerous defect remain on the road
2024 men's NCAA Tournament expert picks: Predictions for Saturday's Elite Eight games
Purdue's Matt Painter so close to career-defining Final Four but Tennessee is the last step
US auto safety agency seeks information from Tesla on fatal Cybertruck crash and fire in Texas
Alabama's Mark Sears has taken what his mom calls the backroad route to basketball glory
Full hotels, emergency plans: Cities along eclipse path brace for chaos
'One last surge': Disruptive rainstorm soaks Southern California before onset of dry season