Nearly Everyone With a Mortgage Has an Interest Rate Below 6%, Prompting Many to Stay Put

Roughly 4 in 5 homeowners with mortgages have an interest rate below 5%, and nearly one-quarter have a rate below 3%.  With rates now close to 7%, many homeowners aren’t moving, which is intensifying a shortage of homes for sale. Rates would need to fall quite a bit to motivate homeowners to put their home … Continue reading Nearly Everyone With a Mortgage Has an Interest Rate Below 6%, Prompting Many to Stay Put