According 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%.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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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.
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