Current:Home > MarketsWhen mortgage rates are too low to give up -PureWealth Academy
When mortgage rates are too low to give up
View
Date:2025-04-16 15:53:14
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! (55)
Related
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- North Carolina posts walk-off defeat of Virginia in College World Series opener
- Pope Francis is first pope to address G7 summit, meets with Biden, world leaders
- German police shoot to death an Afghan man who killed a compatriot, then attacked soccer fans
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Does chlorine damage hair? Here’s how to protect your hair this swim season.
- Nashville police officer fired, arrested after OnlyFans appearance in uniform while on duty
- Nashville police officer fired, arrested after OnlyFans appearance in uniform while on duty
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Grab Your Notebook and Jot Down Ryan Gosling's Sweet Quotes About Fatherhood
Ranking
- The Super Bowl could end in a 'three
- Judge rejects religious leaders’ challenge of Missouri abortion ban
- Euro 2024: Spain 16-year-old Lamine Yamal becomes youngest player in tournament history
- Stores are more subdued in observing Pride Month. Some LGBTQ+ people see a silver lining in that
- South Korean president's party divided over defiant martial law speech
- When do new episodes of 'The Boys' come out? Full Season 4 episode schedule, where to watch
- The 'Bridgerton' pair no one is talking about: Lady Whistledown and Queen Charlotte
- California’s Democratic leaders clash with businesses over curbing retail theft. Here’s what to know
Recommendation
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
In-N-Out raises California prices of Double-Double after minimum wage law
How Elon Musk’s $44.9B Tesla pay package compares with the most generous plans for other U.S. CEOs
Residents, communities preparing for heat wave that will envelop Midwest, Northeast next week
Average rate on 30
Biden preparing to offer legal status to undocumented immigrants who have lived in U.S. for 10 years
Firefighter killed in explosion while battling front end loader fire in Southern California
NY governor’s subway mask ban proposal sparks debate over right to anonymous protest