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Homeowners holding onto 3% mortgages are turning to renting out their homes

Digilifetrends Published 1 min read
Homeowners who won’t give up a 3% mortgage are becoming landlords instead
A For rent sign displayed outside a modern family home with driveway and garage.

Some homeowners are now treating a move and a home sale as two different choices. A job relocation, a growing family, or the need to be nearer to aging parents can all push them to look elsewhere. In those cases, many choose to buy a new place and keep the old one as a rental rather than put it on the market. For many, the mortgage itself is a major reason.

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