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Most homeowners already have mortgage rates below 6 percent, prompting them to stay put

Por: The Hill Politics June 18, 2023

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Most homeowners across the county have a mortgage rate well below the current average for a 30-year fixed rate mortgage, .   Close to 90 percent of owners have a mortgage rate below 6 percent, the report from real estate brokerage Redfin showed. And nearly one-quarter have mortgage rates below 3 percent.  “The lock-in effect is unlikely to go away in the near future,” Marr continued. “Mortgage rates probably won’t drop below 6% before... + full article



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