top of page
Search
  • Metro East REIA
    • Jun 22
    • 1 min read

Staying Put: More than 9 in 10 Mortgages Have a rate Below 6%

With the recent discussion about a lack of for-sale inventory, a new report from Redfin remind us that more than nine of every 10 (91.8%) U.S. homeowners with mortgages have an interest rate below 6%. That figure is down slightly from the record high of 92.9% hit in mid-2022. However, they say with rates currently around 7% many homeowners simply aren’t moving, which is intensifying a shortage of homes for sale. Continue reading HERE...

0 views0 comments

Recent Posts

See All

It’s one of the most basic investing principles and might have been the first one you learned – it’s the “Rule of 72.” The “rule” is the classic shortcut that estimates how long it takes to double yo

A recent survey from Redfin says nearly one of every five (18%) millennials and 12% of Gen Zers believe they will never own a home. To get their data, Redfin surveyed just over 5k U.S. residents who

bottom of page