They rushed to buy homes during the pandemic. Now, some feel trapped.
Mortgage rates had dipped to record lows when they bought.
From The Times
December 4, 2025

During the pandemic, mortgage rates tumbled to record lows, and many Americans rushed to buy their first homes in what felt like the ultimate act of assuring their security.

A pregnant woman wearing a red dress and a man wearing a gray coat standing outdoors in front of a house.

Janice Chung for The New York Times

Now, some feel trapped. →

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