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Locked in and paying more: Why mortgage bills could soon rise by $1,000 a month

Many US homeowners face higher mortgage bills because they bought homes during very low rates in 2020. This lock-in effect means fewer people are selling, keeping home supply low. Even with recent rate drops, moving could cost an extra $1,000 per month. Current mortgage rates are around 6.22%, and savings from lower rates help, but buying remains expensive.

16 Dec 2025 11:47 pm