Interest rates are not high. High-er than the post 2008 era yes. Not historically high though.

Why do people keep saying this? Sure interest rates were high a long time ago but right now today there are a crap load of people with low interest rate mortgages effectively trapped in their houses.

When more than half of the population has a 5% or higher mortgage rate then you can start to say it’s not that high.

https://calculatedrisk.substack.com/p/fhfas-national-mortgag...