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Homeowners with Rates Over 5% More Likely to Sell: Zillow

The share of homeowners with rates above 5% who plan to sell is approximately double the share of homeowners with rates below 5%, according to Zillow research. So reports NEXT Mortgage News.

Zillow 150x150According to Zillow, 41% of homeowners with rates from 5% to 5.99% were thinking about selling, versus just 26% of those with rates from 4% to 4.99%.

Redfin data shows that 82% of U.S. mortgage homeowners have rates lower than 5%.

Read the full article from NEXT Mortgage News.

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