Why So Many Americans Feel Trapped in Their Homes by Their Low-Rate Mortgages
CNBC, Aug. 2, 2023–Jessica Dickler
The recent spike in mortgage rates has created a so-called golden handcuff effect. Nearly 82% of homeowners feel “locked-in” by their existing low-rate mortgage, according to data from Realtor.com.
https://www.cnbc.com/2023/08/01/why-many-homeowners-feel-trapped-by-low-rate-mortgages.html