✉news BusinessPersonal Finance first seen 3 d ago, last 3 d ago, peak #8
Half of US Homeowners Hold Sub-4% Mortgage Rates
Original: The Great Housing Freeze: Half of Homeowners Have a Sub-4% Mortgage Rate—and Few Reasons To Move
Roughly half of American homeowners are locked into mortgage rates below 4%, leaving them with little financial incentive to sell and buy at today's much higher rates. The result is being described as a 'great housing freeze': fewer homes listed for sale, stalled inventory, and buyers facing both high prices and elevated borrowing costs.
Why now: High current mortgage rates are trapping owners in cheap loans, deepening the housing shortage and keeping costs high for buyers.
Realtor.comYahoo FinanceUS housing market
Rank over time, top of the chart is #1. 7 snapshots from 3 d ago to 3 d ago.
Evidence
- The Great Housing Freeze: Half of Homeowners Have a Sub-4% Mortgage Rate—and Few Reasons To Move · Realtor.com
- The Great Housing Freeze: Half of Homeowners Have a Sub-4% Mortgage Rate—and Few Reasons To Move · Yahoo Finance
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