Nearly 80% of Mortgages Stay Below 6%

About half of outstanding mortgages carry rates at ~4% or lower, and nearly 80% sit below ~6%, giving many owners strong incentives to stay put.
Recent lender postings for new 30-yr fixed loans ran from low-6% to mid-7%, with a national weekly benchmark near 7%, raising replacement-loan costs.
A recent weekly uptick in new-loan pricing would add ~$21 to monthly principal and interest on a hypothetical $400K, 30-yr fixed mortgage.
Strong labor conditions and healthy economic growth continued to support housing activity, even as rate lock-in kept some existing owners less likely to move.
In tight US markets, the supply lost when owners stay put can exceed lost demand, creating upward pressure on overall home prices.