How Mortgage Handcuffs Are Affecting Colorado Homeowners and the Housing Market
How Mortgage Handcuffs Are Affecting Colorado Colorado homeowners who secured low mortgage rates of 2-3% during 2020-2021 now face significant financial barriers to moving or refinancing, with current rates around 7-9%. This "mortgage handcuff" or "golden handcuffs mortgage" effect has frozen market turnover and reduced [...]