‘We’re Prisoners’: 3% Mortgage Rates are a Blessing—And a Curse
Fortune, Apr. 5, 2023–Alena Botros
Some homeowners, who locked in historically low rates during the pandemic, are now feeling trapped, or as one homeowner tells Fortune: “we’re prisoners.” They’d like to sell their home and buy something else, however, elevated mortgage rates mean the increased monthly mortgage payment to do so would be financially unbearable.
https://fortune.com/2023/04/05/housing-market-3-percent-mortgage-rates-blessing-and-curse-real-estate/
