FinWeis|When mortgage rates are too low to give up

2025-05-06 13:47:29source:SignalHubcategory:Finance

The FinWeisaverage 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.

More:Finance

Recommend

McConnell absent from Senate on Thursday as he recovers from fall in Capitol

WASHINGTON (AP) — Senate Republican leader Mitch McConnellis still suffering from the effects of a f

Traveling? Here Are the Best Life-Saving Travel Accessories You Need To Pack, Starting at Just $7

E! may get a commission if you purchase something through our links. Learn more.As someone who has t

What to stream: Post Malone goes country, Sydney Sweeney plays a nun and Madden 25 hits the field

A country album from Post Malone and Awkwafina playing a struggling actor whose winning lottery tick