As Life Happens, “Locked-in” Homeowners Pay Off Below-4% Mortgages: Share Drops to 54%, Lowest since Q4 2020

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As Life Happens, “Locked-in” Homeowners Pay Off Below-4% Mortgages: Share Drops to 54%, Lowest since Q4 2020

wolfstreet.com/2025/04/01/as-life-happens-locked-in-homeowners-pay-off-their-below-4-mortgages-share-drops-to-54-lowest-since-q4-2020

Conversely, the share of 6%-plus mortgages outstanding surges to the highest since 2016.
By Wolf Richter for WOLF STREET.
The 30-year mortgage with a fixed rate of 3% for the duration of 30 years was as close to free money in an inflationary world as regular folks can get, and it would…

This story appeared on wolfstreet.com, 2025-04-02 03:55:53.