Why so many Americans feel trapped in their homes by their low-rate mortgages

by anastasiakaufman-chime-me

PUBLISHED TUE, AUG 1 20239:03 AM EDTUPDATED TUE, AUG 1 202312:49 PM EDT

By: Jessica Dickler

Bob and Terri Wood, of Mobile, Alabama, with their grandson.Courtesy: Bob Wood

Bob Wood, 66, has been thinking of selling his home in Mobile, Alabama. The finance professor and his wife, Terri, purchased the 5,000-square-foot house with a pool nearly a decade ago. “It’s probably time to downsize,” he said. They would also like to be closer to their grandchildren in Tennessee. Continue Reading…

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