“Golden handcuffs” restrain possible sellers in housing market
Anna Vavruska and her husband would like to sell the home they purchased in the Sunnyside neighborhood at the start of the pandemic. But that would require a trade-off they aren’t willing to accept — a much higher mortgage payment.
“Since we had a child, we definitely have thought about leaving central Denver, but it is not a good time. Even though we have equity in our home, we would still need to take on another mortgage,” Vavruska said.
Instead of a 3% mortgage rate that now makes for a manageable monthly payment, they…