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Survey: 37% of homeowners say mortgage rates are keeping them from moving
Many homeowners are staying put as higher borrowing costs make moving less affordable, according to the survey.
- A Splitero survey reveals 63% of homeowners are staying put to avoid higher mortgage rates, as rising housing costs strain household budgets.
- Rising mortgage rates have become a primary factor blocking homeowners from moving, while 36% worry about property taxes and their ability to keep up.
- Budget constraints have led 32% of homeowners staying put to delay necessary maintenance, while 55% now call their current house their "forever home."
- Accessing home equity remains difficult, as 30% of homeowners avoid these products because they are unwilling to take on another monthly payment.
- Families continue managing rising living expenses, forcing them to balance long-term stability against unexpected repair costs and property tax pressure on household budgets.
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39 Articles
39 Articles
Santa New Mexican+38 Reposted by 38 other sources
Survey: 37% of homeowners say mortgage rates are keeping them from moving
Splitero reports that 37% of homeowners are reluctant to move due to high mortgage rates, with 55% finding housing costs harder to manage now than at purchase.
·Santa Fe, United States
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Total News Sources39
Leaning Left4Leaning Right1Center34Last UpdatedBias Distribution87% Center
Bias Distribution
- 87% of the sources are Center
87% Center
C 87%
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