Many today might feel stuck in their homes not wanting to give up existing low-rate mortgages. We unpack how the endowment effect may be playing a role.

Stuck at Home: Mortgage Rates and the Endowment Effect

Is home really where the heart is, or in today’s financial climate, has the adage evolved to “home is where your low mortgage rate from three years ago is?” Anecdotally, in conversations with financial advisors, I’ve heard the same story several times: Clients feel stuck in their homes because they don’t want to give up […]

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