Many people in Colorado bought homes or refinanced during the pandemic, when interest rates were at historic lows. Now, they feel trapped by that low mortgage rate. They might want to sell and move, but can鈥檛 afford to buy elsewhere, with interest rates at much higher levels than four years ago.
The problem has been dubbed "mortgage handcuffs."
This dilemma isn鈥檛 unique to Colorado, but it appears the problem is worse here than in any other state in the country, according to a .
Host Erin O鈥橳oole sat down with - chair of the Denver Metro Association of Realtors market trends committee, and a realtor with Kentwood Real Estate out of Denver - to explain how we got here and where we might be headed.
