9-7-2023 – The Majority of Homeowners Feel 'Locked In' by Their Current Mortgage Rate

After bottoming out below 3% in January 2021, the average rate for a 30-year, fixed-rate mortgage now sits above 7% — which is just too high for many homeowners to consider selling.

(But could a rate of 5% be the 'magic number' to trigger a move?)

 

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