Current:Home > MarketsWhen mortgage rates are too low to give up -Wealth Evolution Experts
When mortgage rates are too low to give up
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-10 22:29:18
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! (4579)
Related
- What to watch: O Jolie night
- Exodus From Canada’s Oil Sands Continues as Energy Giants Shed Assets
- Maryland Climate Ruling a Setback for Oil and Gas Industry
- Emma Heming Willis Wants to Talk About Brain Health
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- What is Shigella, the increasingly drug-resistant bacteria the CDC is warning about?
- Jersey Shore's Angelina Pivarnick Calls Out Jenni JWoww Farley Over Reaction to Her Engagement
- These students raised hundreds of thousands to make their playground accessible
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Emma Heming Willis Wants to Talk About Brain Health
Ranking
- B.A. Parker is learning the banjo
- James Marsden Reacts to Renewed Debate Over The Notebook Relationships: Lon or Noah?
- Michigan bans hairstyle discrimination in workplaces and schools
- Fracking Ban About to Become Law in Maryland
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- S Club 7 Singer Paul Cattermole’s Cause of Death Revealed
- Solyndra Shakeout Seen as a Sign of Success for Wider Solar Market
- EU Utilities Vow End to Coal After 2020, as Trump Promises Revival
Recommendation
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Can Energy-Efficient Windows Revive U.S. Glass Manufacturing?
Montana man sentenced to 18 years for shooting intended to clean town of LGBTQ+ residents
Tori Spelling Says Mold Infection Has Been Slowly Killing Her Family for Years
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Clues to Bronze Age cranial surgery revealed in ancient bones
Michael Jordan plans to sell NBA team Charlotte Hornets
John Stamos Shares the Heart-Melting Fatherhood Advice Bob Saget Gave Him About Son Billy