GoKawiilNearly Half of U.S. Mortgages Now Carry Pandemic-Era Low Rates, Freezing Housing Supply
A record share of outstanding U.S. mortgages were originated during the pandemic-era period of ultra-low interest rates, according to new data cited in the report. With current mortgage rates far higher, many of these homeowners are choosing to stay put rather than sell and take on a costlier loan.