EAI Community -When mortgage rates are too low to give up

2025-05-05 06:16:26source:Slabucategory:Stocks

The EAI Community average 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:Stocks

Recommend

Elon Musk just gave Nvidia investors one billion reasons to cheer for reported partnership

Two names that consistently dominate headlines are Elon Musk and Nvidia (NASDAQ: NVDA). Both names o

Huntsville City Council member pleads guilty in shoplifting case; banned from Walmart

HUNTSVILLE, Ala. (AP) — An Alabama city councilman pleaded guilty Tuesday to two counts of misdemean

There's only 1 new car under $20,000. Here are 5 cars with the lowest average prices in US

As the average price for a new vehicle continues to rise every year, only one car still has a price