Trapped Homeowners: Low Rates Lock In Mortgage Payments

Trapped Homeowners: Low Rates Lock In Mortgage Payments

This analysis shows that a number of cities have homeowners whose mortgages are below market rates. These cities have the highest concentration of homeowners with mortgages that are more than 10 years old. The report suggests that these homeowners may be trapped in their homes, as they may not be able to refinance their mortgages at the current market rates. #mortgage #homowners #trapped 🏡🏘️💸
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