Nearly 9 in 10 US homeowners have mortgage rate below 6 percent: Report

Nearly 9 in 10 U.S. homeowners have a mortgage rate below 6 percent, from the real estate company Redfin. Some 88.5 percent have a mortgage rate below 6 percent, down from a high of 92.8 percent of homeowners in in the second quarter of 2022, the report found. More than three-quarters of homeowners — 78.7 percent — have a mortgage rate below 5 percent, while nearly 6 in 10 — 59.4 percent — have a mortgage below 4 percent. Just 22.6 percent have a mortgage rate below 3 percent, according to Redfin. As the average mortgage rate currently sits at 6.66 percent, Redfin noted that many homeowners are opting to stay put in order to avoid…