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  • Pending home sales are up, but most owners are locked in to old mortgage rates

    Sep 30, 2025 4:15 pm by MarketplaceIllinois in the News
    For the first time in decades, lots of homeowners have lower mortgage rates than the current market offers, which is encouraging many to stay put.Justin Sullivan/Getty Images

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    Marketplace (Sept. 29) Professor Julia Fonseca says roughly 80% of borrowers are in the same boat she is: If they bought the same house today, they’d pay way more. 'These higher rates have really meaningfully deterred borrowers from moving.'

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