Housing market: Meet boomers locked in place by mortgage rates
Brenda Edwards considers the four bedroom ranch-style house where she has lived for 20 years her forever home. It’s where the 70-year-old retired nurse and her 79-year-old husband want to stay as their mobility becomes more limited. So she hired an interior designer for $20,000 and spent another $95,000 to retrofit their house in Oakdale, California. She had the