Current:Home > FinanceWhen mortgage rates are too low to give up -AssetPath
When mortgage rates are too low to give up
View
Date:2025-04-24 13:17:38
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! (71)
Related
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Gisele Bündchen Tells Tom Brady's Son Jack She'll Always Be Here for Him After Divorce
- The biggest and best video game releases of the summer
- Trader Joe's recalls vegan crackers because they could contain metal
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Knicks sue Raptors, allege ex-employee served as a mole to steal scouting secrets
- Serena Williams welcomes second daughter, Adira River, with husband Alexis Ohanian
- Vitamin C is important, but experts warn against taking too much. Here's why.
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- And Just Like That’s Sara Ramirez Slams “Hack Job” Article for Mocking Them and Che Diaz
Ranking
- 'We're reborn!' Gazans express joy at returning home to north
- Child killed, at least 20 others injured after school bus crash in Ohio
- Thaksin moved from prison to a hospital less than a day after he returned to Thailand from exile
- Federal judge orders utility to turn over customer information amid reports of improper water use
- All That You Wanted to Know About She’s All That
- The Fate of And Just Like That Revealed
- San Francisco archdiocese is latest Catholic Church organization to file for bankruptcy
- Tropical Storm Harold forms in Gulf, immediately heads for Texas
Recommendation
Arkansas State Police probe death of woman found after officer
Allies say Guatemala election winner is a highly qualified peacebuilder, but opponent’s still silent
House panel subpoenas senior IRS officials over Hunter Biden tax case
‘Get out of my house!’ Video shows 98-year-old mother of Kansas newspaper publisher upset amid raid
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Kerry Washington, Martin Sheen shout for solidarity between Hollywood strikers and other workers
US Coast Guard rescues man who was stranded on an island in the Bahamas for 3 days
Top-Rated Things From Amazon That Can Make Your Commute More Bearable