Current:Home > MyWhen mortgage rates are too low to give up -WealthMindset
When mortgage rates are too low to give up
View
Date:2025-04-15 00:13:51
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! (1)
Related
- Trump's 'stop
- Light a Sparkler for These Stars Who Got Married on the 4th of July
- Mangrove Tree Offspring Travel Through Water Currents. How will Changing Ocean Densities Alter this Process?
- He's trying to fix the IRS and has $80 billion to play with. This is his plan
- Sam Taylor
- Natural Gas Samples Taken from Boston-Area Homes Contained Numerous Toxic Compounds, a New Harvard Study Finds
- Adele Is Ready to Set Fire to the Trend of Concertgoers Throwing Objects Onstage
- A Republican Leads in the Oregon Governor’s Race, Taking Aim at the State’s Progressive Climate Policies
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- In the Race for Pennsylvania’s Open U.S. Senate Seat, Candidates from Both Parties Support Fracking and Hardly Mention Climate Change
Ranking
- 'We're reborn!' Gazans express joy at returning home to north
- An Energy Transition Needs Lots of Power Lines. This 1970s Minnesota Farmers’ Uprising Tried to Block One. What Can it Teach Us?
- Proponents Say Storing Captured Carbon Underground Is Safe, But States Are Transferring Long-Term Liability for Such Projects to the Public
- The economics of the influencer industry, and its pitfalls
- Trump issues order to ban transgender troops from serving openly in the military
- In Jacobabad, One of the Hottest Cities on the Planet, a Heat Wave Is Pushing the Limits of Human Livability
- Two US Electrical Grid Operators Claim That New Rules For Coal Ash Could Make Electricity Supplies Less Reliable
- These Clergy Are Bridging the Gap Between Religion and Climate
Recommendation
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
Cyberattacks on health care are increasing. Inside one hospital's fight to recover
Inflation stayed high last month, compounding the challenges facing the U.S. economy
Tory Burch 4th of July Deals: Save 70% On Bags, Shoes, Jewelry, and More
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Lead Poisonings of Children in Baltimore Are Down, but Lead Contamination Still Poses a Major Threat, a New Report Says
New York Is Facing a Pandemic-Fueled Home Energy Crisis, With No End in Sight
Game of Thrones' Kit Harington and Rose Leslie Welcome Baby No. 2