✉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

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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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