The U.S. Housing Market Is Stuck in a Mortgage Rate Lock-In Gap-but Some States Have It Worse Than Others
Briefly

from SFGATE6 months ago
With mortgage rates soaring, homeowners are reluctant to sell as they would need to switch to higher rates, creating a 'mortgage rate lock-in effect.'
SFGATEhttps://www.sfgate.com/realestate/article/the-u-s-housing-market-is-stuck-in-a-mortgage-19588402.php
Average 'lock-in gap' varies by state due to differences in mortgage interest rates, impacting homeowners' decisions to sell or buy new properties.
SFGATEhttps://www.sfgate.com/realestate/article/the-u-s-housing-market-is-stuck-in-a-mortgage-19588402.php
Read at SFGATE
#mortgage-rates #housing-market #lock-in-effect #property-costs #state-variances
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