Current：Home > FinanceWhen mortgage rates are too low to give up-LoTradeCoin
When mortgage rates are too low to give up
View
Date：2024-12-24 01:07:15
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！ (4)
Related
- Sports are a must-have for many girls who grow up to be leaders
- $245 million slugger Anthony Rendon questions Angels with update on latest injury
- Caught in a lie, CEO of embattled firm caring for NYC migrants resigns
- Activists in Europe mark the anniversary of Mahsa Amini’s death in police custody in Iran
- Supreme Court seems likely to allow class action to proceed against tech company Nvidia
- Search on for a missing Marine Corps fighter jet in South Carolina after pilot safely ejects
- Anchorage scrambles to find enough housing for the homeless before the Alaska winter sets in
- Ashton Kutcher resigns from anti-child trafficking nonprofit over Danny Masterson character letter
- Don't Miss Cameron Diaz's Return to the Big Screen Alongside Jamie Foxx in Back in Action Trailer
- Rolling Stone's Jann Wenner ousted from Rock Hall board after controversial remarks
Ranking
- Stop What You're Doing—Moo Deng Just Dropped Her First Single
- Dodgers win NL West for 10th time in 11 seasons
- Forecasters cancel warnings as Lee begins to dissipate over Maritime Canada
- Savannah city government to give $500,000 toward restoration of African American art museum
- Michelle Obama Is Diving Back into the Dating World—But It’s Not What You Think
- How Shawn Fain, an unlikely and outspoken president, led the UAW to strike
- Family of man killed by police responding to wrong house in New Mexico files lawsuit
- McBride and Collier lead Lynx over Sun 82-75 to force a deciding Game 3 in WNBA playoffs
Recommendation
Today Reveals Hoda Kotb's Replacement
Former Colorado officer gets probation for putting woman in police vehicle that was hit by a train
How dome homes can help protect against natural disasters
Oregon launches legal psilocybin, known as magic mushrooms access to the public
Statue of the late US Rep. John Lewis, a civil rights icon, is unveiled in his native Alabama
Shedeur Sanders sparks No. 18 Colorado to thrilling 43-35 win over Colorado State in 2 OTs
Eno Ichikawa, Japanese Kabuki theater actor and innovator, dies at 83
Atlantic storm Lee delivers high winds and rain before forecasters call off warnings in some areas