#mortgage-lock-in

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#mortgage-rates #housing-market #first-time-homebuyers #migration-trends #housing-supply
Real estate
fromFortune
1 week ago

'Something big' just happened in the U.S. housing market, real estate CEO says. And it could mean the difference of being able to buy a home or not | Fortune

More U.S. homeowners now carry mortgage rates above 6% than those with sub-3% rates, reducing the mortgage-rate lock-in effect and freeing up housing inventory.
Real estate
fromwww.housingwire.com
4 months ago

Migration slows under pressure of rate lock-in, cooling job market

U.S. migration slowed in Q2 with year-over-year declines in city-to-city and within-metro moves, driven by job-market softening and constrained housing supply.
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