Phaninc:When mortgage rates are too low to give up

2025-05-07 12:43:43source:SCA Communitycategory:reviews

The Phanincaverage 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:reviews

Recommend

B.A. Parker is learning the banjo

Parker has been trying to find her place in the banjo world. So this week, she talks to Black banjo

Key Republican calls for ‘generational’ increase in defense spending to counter US adversaries

WASHINGTON (AP) — The top-ranking Republican on a Senate committee that oversees the military is cal

AP interview: Divisions among the world’s powerful nations are undermining UN efforts to end crises

UNITED NATIONS (AP) — Deep divisions especially among the world’s most powerful nations have signifi