85% of Mortgage Holders Have a Rate Far Below Today’s Level

Sep 20, 2022 · In Utah, 93% of homeowners with mortgages have a mortgage rate below 5%—a higher share than any other state. Next comes Colorado (92%), Idaho (92%), Oregon (91%) and Montana (91%). Many parts of these states, including Salt Lake City and Boise, saw large …

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85% Of Mortgage Holders Have A Rate Far Below Today’s Level

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redfin.com

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85% Of Homeowners With Mortgages Have A Rate Far Below …

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Sep 20, 2022 · In Utah, 93% of homeowners with mortgages have a mortgage rate below 5%—a higher share than any other state. Next comes Colorado (92%), Idaho (92%), Oregon (91%) …

redfin.com

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Redfin Reports 6 Of Every 7 People With Mortgages Have An …

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Aug 27, 2024 · Here’s the full breakdown of where today’s homeowners fall on the mortgage-rate spectrum: Below 6%: 85.7% of mortgaged U.S. homeowners have a rate below 6%, down …

redfin.com

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Lock-in Effect Is Easing, But Many Still Have Rates Below The …

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Aug 27, 2024 · Here’s a further breakdown of where current homeowners’ mortgage rates fall: Below 6%: 85.7% of mortgaged U.S. homeowners have a rate below 6%, down from a record …

scotsmanguide.com

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85.7% Of U.S. Homeowners With Mortgages Have Interest Rate …

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Aug 27, 2024 · Here’s the full breakdown of where today’s homeowners fall on the mortgage-rate spectrum: Below 6%: 85.7% of mortgaged U.S. homeowners have a rate below 6%, down …

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The Majority Of Homeowners Have Mortgage Rates Below 6%

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Aug 27, 2024 · Over 85% of U.S. homeowners have interest rates below 6%, 76.1% have rates below 5%, and just over 50% have rates below 4%, according to Redfin. For homeowners …

nationalmortgagenews.com

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85% Of Homeowners With Mortgages Have A Rate Far Below …

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(NASDAQ: RDFN) — Roughly six of every seven (85%) U.S. homeowners with mortgages have a mortgage interest rate far below today’s level of 6%, according to a new report from Redfin (), …

insidertracking.com

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85% Of Homeowners With Mortgages Have A Rate Far Below …

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(NASDAQ: RDFN) — Roughly six of every seven (85%) U.S. homeowners with mortgages have a mortgage interest rate far below today’s level of 6%, according to a new report from Redfin ( …

barchart.com

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The Housing Market Is So Tight Because 90% Of Homeowners …

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Jun 14, 2023 · In fact, 82.4% of homeowners have a mortgage rate below 5% and 62% have a rate below 4%, per Redfin. Notably, 23.5% of homeowners have a mortgage rate below 3%, …

yahoo.com

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85% Of Homeowners With Mortgages Have A Rate Far Below …

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Jul 26, 2024 · Roughly six of every seven (85%) U.S. homeowners with mortgages have a mortgage interest rate far below today’s level of 6%. With rates now at the highest since the …

datdia.com

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Staying Put: 85% Of Homeowners With Mortgages Have Rate Far …

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Oct 4, 2022 · With mortgage interest rates pushing well above 6 percent—even approaching 7 percent—a growing number of homeowners are reluctant to sell because they have a lower …

mba.org

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85% Of Homeowners With Mortgages Have A Rate Far Below …

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Sep 25, 2022 · Source: Business Wire — Roughly six of every seven (85%) U.S. homeowners with mortgages have a mortgage interest rate far below today’s level of 6%, according to a …

realestateinvestorpulse.com

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85% Of Homeowners With Mortgages Have A Rate Far Below …

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Sep 20, 2022 · Some Americans are hesitant to sell their homes as mortgage rates soar because they have a low interest rate locked in. That’s contributing to a nearly 20% slump in new …

marketscreener.com

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89% Of People With Mortgages Have An Interest Rate Below 6

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Jan 12, 2024 · Here’s the full breakdown of where today’s homeowners fall on the mortgage-rate spectrum: Below 6%: 88.5% of mortgaged U.S. homeowners have a rate below 6%, down …

redfin.com

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85% Of Homeowners With Mortgages Have A Rate Far Below …

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Sep 20, 2022 · Redfin reports that 85% of U.S. homeowners with mortgages have rates below 6%, discouraging many from selling as mortgage rates soar past 6% for the first time since …

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Nearly One-Third Of Homeowners Have A Mortgage Rate Far …

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Apr 19, 2022 · Utah, Colorado Have Highest Share of Homeowners With Mortgage Rates Significantly Below Today’s Level. In Utah, 46% of homeowners had a mortgage rate below …

redfin.com

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85% Of Homeowners With Mortgages Have A Rate Far Below …

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Sep 20, 2022 · 85% of Homeowners with Mortgages Have a Rate Far Below Today’s Level, a Factor Prompting Many to Stay Put

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FAQs about 85% of Mortgage Holders Have a Rate Far Below Today’s Level Coupon?

What percentage of homeowners have a low mortgage rate?

Below 6%: 85.7% of mortgaged U.S. homeowners have a rate below 6%, down from a record 92.8% in the second quarter of 2022. Below 5%: 76.1% have a rate below 5%, down from a record 85.6% in the first quarter of 2022. Below 4%: 57.4% have a rate below 4%, down from a record 65.3% in the first quarter of 2022. ...

Why are 91 percent of US homeowners paying a mortgage below 6%?

That's because 91.8% of US homeowners who currently have a mortgage are paying for it at an interest rate below 6%, locking in cheap financing before rates spiked around the middle of last year. The number of owners with a mortgage rate below 6% is just below the record high of 92.9% reached in the middle of 2022. ...

Which states have low mortgage rates?

In Utah, 93% of homeowners with mortgages have a mortgage rate below 5%—a higher share than any other state. Next comes Colorado (92%), Idaho (92%), Oregon (91%) and Montana (91%). Many parts of these states, including Salt Lake City and Boise, saw large increases in net domestic migration during the pandemic, when mortgage rates hit a record low. ...

Where do homeowners fall on the mortgage-rate spectrum?

Here’s the full breakdown of where today’s homeowners fall on the mortgage-rate spectrum: Below 6%: 85.7% of mortgaged U.S. homeowners have a rate below 6%, down from a record 92.8% in the second quarter of 2022. Below 5%: 76.1% have a rate below 5%, down from a record 85.6% in the first quarter of 2022. ...

What is a low mortgage rate?

We define a mortgage rate far below today’s level as one under 5%. The high share of homeowners who feel locked into their low mortgage rate is contributing to a steep decline in the number of homes hitting the market. New listings slumped 19% year over year during the four weeks ending Sept. 11, the largest drop since May 2020. ...

How many homeowners have an outstanding mortgage?

Roughly two-thirds (62%) of households have an outstanding mortgage. For the analysis on Atlanta, Chicago, Los Angeles and Washington, D.C. in paragraph four, Redfin used property-level county records to identify homeowner mortgage rates on more than 5.3 million properties in four geographically diverse U.S. housing markets. ...