Current:Home > NewsWhen mortgage rates are too low to give up -ValueMetric
When mortgage rates are too low to give up
View
Date:2025-04-17 17:24:21
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! (9272)
Related
- 'Stranger Things' prequel 'The First Shadow' is headed to Broadway
- Iraqi Christian religious leaders demand an international investigation into deadly wedding fire
- 'Welcome to New York': Taylor Swift cheers on Travis Kelce with Blake Lively, Ryan Reynolds
- California Gov. Gavin Newsom vetoes bill that would give striking workers unemployment pay
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- 5 dead, including 2 children, after Illinois crash causes anhydrous ammonia leak
- US expands probe into Ford engine failures to include two motors and nearly 709,000 vehicles
- 'Carterland' puts a positive spin on an oft-disparaged presidency
- US Open player compensation rises to a record $65 million, with singles champs getting $3.6 million
- US health officials propose using a cheap antibiotic as a ‘morning-after pill’ against STDs
Ranking
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Massive emergency alert test scheduled to hit your phone on Wednesday. Here's what to know.
- Chicago woman, 104, skydives from plane, aiming for record as the world’s oldest skydiver
- Environmental groups demand emergency rules to protect rare whales from ship collisions
- Kansas City Chiefs CEO's Daughter Ava Hunt Hospitalized After Falling Down a Mountain
- Shutdown looms, Sen. Dianne Feinstein has died, Scott Hall pleads guilty: 5 Things podcast
- Montana is appealing a landmark climate change ruling that favored youth plaintiffs
- Runners off the blocks: Minneapolis marathon canceled hours before start time
Recommendation
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Two Penn scientists awarded Nobel Prize in Medicine for work with mRNA, COVID-19 vaccines
Family of 9-year-old Charlotte Sena, missing in NY state, asks public for help
Vuitton transforms Paris with a playful spectacle of color, stars and history
Trump wants to turn the clock on daylight saving time
New Jersey Sen. Bob Menendez expected back in Manhattan court for bribery case
Beyoncé announces Renaissance Tour concert film: 'Start over, start fresh, create the new'
New Van Gogh show in Paris focuses on artist’s extraordinarily productive and tragic final months