Only a tenth of mortgages have an interest rate above 6% — that’s a big problem for the U.S. housing market

[hegemony]

Only a tenth of mortgages have an interest rate above 6% — that’s a big problem for the U.S. housing market

 

 

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The bottom line is that homeowners across America do not have any incentive to move,’

 

[swingline]

I wonder about the quote (mirroring the title of the article), "Only 9% of all existing mortgages in the U.S. were taken out with a rate of above 6%." I don't have access to the whole article, so I don't know if they address this -- but I'd suspect an awful lot of those were subprime loans even before the interest rates went up.