Downsizing has traditionally made sense for retirees looking to settle down and shore up their nest eggs for their later years. But moving to a smaller home may no longer be a way for Americans to save money in the current market, experts warn. The average 30-year fixed-rate mortgage has soared to 7.49 percent, according to latest data from lender Freddie Mac, while many homeowners are locked into much cheaper 2 or 3 percent deals on their current homes.
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