Housing Market
Staying Put: 92% of Homeowners with a Mortgage are Locked Into Rates Under 6%
A new report from Redfin shows more than nine in ten U.S. homeowners with mortgages locked into rates below 6% and 80% with rates under 5%. With today’s rates hovering just under 7%, most homeowners are staying put, keeping inventory near record lows.
June 15, 2023
