“Locked-in” Homeowners Nevertheless Pay Off Below-4% Mortgages: their Share of All Mortgages Outstanding Drops to 55%, Lowest since Q1 2021
wolfstreet.com/2025/01/20/locked-in-homeowners-nevertheless-pay-off-below-4-mortgages-and-their-share-of-all-mortgages-outstanding-drops-to-55-lowest-since-q1-2021
Big changes in life, corporate switcheroos from working-remotely-forever to return-to-the-office, job changes, natural disasters, etc., force their hand.
By Wolf Richter for WOLF STREET.
The share of mortgages outstanding with rates below 3% – as close to free money as regular folks…
This story appeared on wolfstreet.com, 2025-01-21 02:33:27.