Current:Home > FinanceWhen mortgage rates are too low to give up -Finovate
When mortgage rates are too low to give up
View
Date:2025-04-14 08:46:20
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! (92611)
Related
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- 7 California residents cash in multi-million dollar lottery tickets on the same day
- How to watch the 2024 Oscars: A full rundown on nominations, host and how to tune in
- French Senate approves a bill to make abortion a constitutional right
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Visitors line up to see and smell a corpse flower’s stinking bloom in San Francisco
- Who's performing at the Oscars for 2024? Here's the list of confirmed Academy Awards performers so far.
- Zach Wilson landing spots: Three teams that make sense for Jets QB
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Electronic Arts cutting about 5% of workforce with layoffs ongoing in gaming and tech sector
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- Senate Republican blocks bill that would protect access to IVF nationwide
- Digital outlets The Intercept, Raw Story and AlterNet sue OpenAI for unauthorized use of journalism
- 7 California residents cash in multi-million dollar lottery tickets on the same day
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Unwrapping the Drama Behind the Willy Wonka-Inspired Experience
- Comedian Richard Lewis, who recently starred on 'Curb Your Enthusiasm,' dies at 76
- Taylor Swift and Travis Kelce’s Romance Timeline Has New Detail Revealed
Recommendation
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
How Curb Your Enthusiasm's Larry David and More Stars Are Honoring Richard Lewis After His Death
A shooting in Orlando has left at least 1 person dead and several injured, police say
Red Sox Pitcher Tim Wakefield's Wife Stacy Wakefield Dies Less Than 5 Months After His Death
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Prince William and Camilla are doing fine amid King Charles' absence, experts say. Is it sustainable?
Social media influencer says Dolphins’ Tyreek Hill broke her leg during football drill at his home
What we know about 'Only Murders in the Building' Season 4