The 3% Mortgage Trap: When Is It Worth Giving Up Your Low Rate?

The Jon Sanchez Show · Sep 24, 2026 · 32m · transcript

I've got a question for homeowners today.

And I think millions of Americans are wrestling with it.

You bought or refinanced your house several years ago.

Your mortgage rate:

3%.

Maybe even 2-point-something.

You probably brag about that mortgage.

And you should.

Because today, according to Mortgage News Daily, the average top-tier 30-year fixed mortgage rate is:

7.37%.

That's more than double your rate. Mortgage News Daily

So you're sitting there thinking:

‘Jon, they'll have to pry this mortgage out of my cold dead hands.’

I get it.

But then something happens.

You find THE HOUSE.

Maybe it's…