Thinking About Moving But Have a Low Mortgage Rate? Read This
Posted by Judit Crace on
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If you own a home in Nampa, Boise or the Treasure Valley, you’ve probably had this thought at least once while scrolling Zillow in your pajamas:
“I’d move… but I don’t want to let go of my 3 percent rate.”
Totally fair. That low rate has been one of your biggest financial wins. You might even talk about it like it’s a family heirloom. But here’s the part most homeowners eventually realize: A great rate can’t fix a home that no longer fits your life.
When your space stops working, the rate becomes the least exciting part of the story. And you’re not alone in feeling this tug-of-war between comfort and change.
The Lock-In Effect Is Finally Starting to Melt
Economists call it the lock-in effect. That’s when homeowners stay put simply…
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