Current:Home > ContactWhen mortgage rates are too low to give up -MarketLink
When mortgage rates are too low to give up
View
Date:2025-04-21 23:02:13
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! (1363)
Related
- Rylee Arnold Shares a Long
- Reggaeton icon Don Omar reveals he has cancer: 'Good intentions are well received'
- National Finals Rodeo to remain in Las Vegas through 2035
- Save 80% on Nordstrom Rack Swimsuits, 60% on ASOS, 60% on Gap & More of Today's Best Deals
- Sam Taylor
- The beginners guide to celebrating Juneteenth
- Are banks, post offices, UPS and FedEx open on Juneteenth 2024? Here's what to know
- When does 'House of the Dragon' Episode 2 come out? Season 2 schedule, cast, where to watch
- Former Danish minister for Greenland discusses Trump's push to acquire island
- New Zealand Rugby Player Connor Garden-Bachop Dead at 25 After Medical Event
Ranking
- Nevada attorney general revives 2020 fake electors case
- Kylian Mbappe suffered a nose injury in France's win over Austria at UEFA Euro 2024
- American tourist found dead on Greek island Mathraki, 3 other tourists missing
- House Speaker Mike Johnson and Trump meet at Mar-a-Lago
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Regan Smith sets American record at Olympic swimming trials in 100 back
- Pro-Palestinian encampment cleared from Cal State LA, days after building takeover
- Lilly King wins spot at Olympic trials. Hardest meet in the world brings heartbreak for many
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Celine Dion tearfully debuts new doc amid health battle: 'Hope to see you all again soon'
American man among tourists missing in Greece amid deadly heat waves
American tourist found dead on Greek island; search ongoing for another U.S. traveler
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Newborn baby found abandoned near Texas walking trail
Team USA's Uniforms for the 2024 Olympics Deserve a Gold Medal
Supreme Court to hear Nvidia bid to scuttle shareholder lawsuit