When Colleen Randall bought her house in 2016 for $174,000, she figured it was the perfect starter home. Then the past few years made the deal even sweeter: She doubled the square footage after redoing her unfinished basement. Now the three-bed, three-bath house in Hagerstown, Md., is worth $260,000, minimum. Refinancing in 2020 also lowered her mortgage rate from 3.25 to 2.75 percent and knocked off her private mortgage insurance.
A problem for the housing market: People won t quit their cheap mortgages adn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adn.com Daily Mail and Mail on Sunday newspapers.
Spring is one of the busiest times of year for the housing market. One question many in East Tennessee and the Knoxville area are wondering is how the market…