Current:Home > MyWhen mortgage rates are too low to give up -Elite Financial Minds
When mortgage rates are too low to give up
View
Date:2025-04-25 14:48:33
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! (997)
Related
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- 11-year-old graduates California junior college, has one piece of advice: 'Never give up'
- Missionaries killed in Haiti by gang are state reps' daughter, son-in-law, nonprofit says
- Ketel Marte hitting streak: Diamondbacks star's batting average drops during 21-game hitting streak
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Tribes say their future is at stake as they push for Congress to consider Colorado River settlement
- NCAA, leagues sign off on nearly $3 billion plan to set stage for dramatic change across college sports
- Ex-prosecutor Marilyn Mosby sentenced in scheme using COVID funds to buy Florida condo
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Rodeo Star Spencer Wright's 3-Year-Old Son Wakes Up After Toy Tractor Accident
Ranking
- Stamford Road collision sends motorcyclist flying; driver arrested
- Volkswagen recalls nearly 80,000 electric vehicles for crash hazard: Which models are affected?
- Officials change course amid outrage over bail terms for Indian teen accused in fatal drunk driving accident
- Voting rights advocates ask federal judge to toss Ohio voting restrictions they say violate ADA
- The White House is cracking down on overdraft fees
- Biden campaign releases ad slamming Trump on gun control 2 years after Uvalde school shooting
- Drake jumps on Metro Boomin's 'BBL Drizzy' diss
- NCAA women's lacrosse semifinals preview: Northwestern goes for another title
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Stock market today: Asian shares track Wall Street’s slide on worries over interest rates
Man insults judge who sentenced him to 12 years in prison for attacking police during Capitol riot
Louisiana governor signs bill making two abortion drugs controlled dangerous substances
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
Patrick Mahomes' Wife Brittany Mahomes Gives Health Update After Breaking Her Back
Animal attacks reported across USA this spring. This piece of advice could save your life.
Ex-prosecutor Marilyn Mosby sentenced in scheme using COVID funds to buy Florida condo