Only a Tenth of Mortgages Have an Interest Rate Above 6%-That’s a Big Problem for the U.S. Housing Market

Dow Jones/MarketWatch, July 14, 2023–Aarthi Swaminathan (subscription)
Only 9% of all existing mortgages in the U.S. were taken out with a rate of above 6%, according the Federal Housing Finance Agency analyzed by Torsten Slok, chief economist of Apollo Global Management.
https://www.msn.com/en-us/money/realestate/only-a-tenth-of-mortgages-have-an-interest-rate-above-6-that-s-a-big-problem-for-the-u-s-housing-market/ar-AA1dS87f?