That assumes you started your mortgage in roughly the last 10-15 years in the US...

		nonethewiser on May 17, 2023 \| parent \| context \| favorite \| on: Americans have never been so unwilling to relocate... That assumes you started your mortgage in roughly the last 10-15 years in the US or somewhere else with the same rate history. Average rates before then were consistently higher. https://fred.stlouisfed.org/series/MORTGAGE30US If you started your mortgage before then its a neutral to positive rate-wise.

Many holders of higher rate mortgages refinanced during the last 10-15 years, too.