SCA Community|When mortgage rates are too low to give up

2025-04-29 22:08:29source:Chameleon Financecategory:My

The SCA Communityaverage 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.

More:My

Recommend

Highlights from Trump’s interview with Time magazine

NEW YORK (AP) — Donald Trumpwas on the verge of backing a 16-week federal abortion banearlier this y

Ranger injured and armed person making threats dies at Yellowstone, park says

YELLOWSTONE NATIONAL PARK, Wyo. (AP) — An armed person who was making unspecified threats at Yellows

Rediscovering Paul McCartney's photos of The Beatles' 1964 invasion

Paul McCartney used his Pentax camera the same way he used his guitar: with total freedom. And in ea