When the pandemic brought on record-low mortgage rates, many Americans bought new homes or refinanced.
Fast-forward about three years to now when rates have nearly doubled, though, and a lot of those people are realizing a claustrophobic truth: That great deal has now shackled them to a property they might have outgrown.
But if you’re in that situation, you’re not without options.
Many homeowners are now reinventing their houses rather than trading up to a different house and a much higher rate.
“With low inventory levels in the housing market, many Twin Cities homeowners are turning to home improvement projects