A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up

GiddyGap@lemm.ee to News@lemmy.world – 353 points –
A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up
nytimes.com
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2.875 here, my monthly payment is $545. I want to move, but it would be financially stupid to do so

Basically, unless the sale gets you enough to buy the next house in cash, it's a bad idea, lol.

The value of my house has gone up by about 50% so I could definitely put the money forward, but it still would be a questionable decision.