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

2025-05-05 01:06:36source:Marc Leclerccategory:Scams

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:Scams

Recommend

Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says

A man is suing the California Lottery alleging he has not received part of his winnings from a nearl

New York counties gear up to fight a polio outbreak among the unvaccinated

Polio is the disease most people thought we had put behind us here in the United States. But earlier

Antarctica’s Winds Increasing Risk of Sea Level Rise from Massive Totten Glacier

As the winds around Antarctica intensify with rising global temperatures, they’re driving changes in