Johnas Street and his wife were living in a one-bedroom home in the Bay Area with their, at the time, three kids (they’ve got four now). Then the pandemic happened, and the couple started working from home. In April 2021 they closed on a six-bedroom, $650,000 home in Charlotte, where Street has family. They locked in a 30-year fixed rate at 2.62%, and it’s keeping them there.
“California is home for us, and eventually we’ll go back,” Street told Fortune. “I will say, I don’t know if stuck is the right word, but a 2.62% interest rate is hard to give up right now.”
