CNN·2 min read·easy
Locked in to a high mortgage rate? We want to hear your story
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Samantha Delouya
✦AI Summary
Homeowners who secured high mortgage rates are finding it difficult to refinance as interest rates remain elevated. The current economic climate, influenced by the ongoing conflict in Iran, has kept mortgage rates higher than they were a year ago.
Why it matters
High interest rates continue to strain household budgets and limit mobility in the real estate market.
A common mantra among real estate agents and mortgage brokers is “marry the house, date the rate.” Buying a home is a long-term commitment, but your starting mortgage interest rate payment isn’t permanent, they say.
economybusiness
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