17 Percent of US Homeowner Mortgages Are at 6 Percent Interest or Higher: Report

Many Americans are ‘growing accustomed to the idea’ of rates never going back down to pandemic lows, the Redfin report states.

A home available for sale is shown in Austin, Texas, on May 22, 2024. Brandon Bell/Getty Images

The share of homeowners with 6 percent or more mortgage rates is at its highest level in nearly a decade, according to real estate brokerage Redfin, which added that the “lock-in effect” in the housing market has started to ease.

The company said 17.2 percent of homeowners have a 6 percent or higher rate, which is the largest proportion since 2016.