The Federal Reserve’s decision to make a series of historic short-term rate cuts at the height of the pandemic has proven to be a double-edged sword, with the sharpest point being the percentage of would-be homesellers locked into their homes by 2 percent to 3 percent mortgage rates.
Source: Inman News
Is the mortgage lock-in effect ending? These numbers offer clues
Published in bright mls, buyer's market, Chen Zhao, homebuyers, homeowners, homesellers, inman, inventory, lisa sturtevant, lock-in effect, Mariah O'Keefe, Markets & Economy, MLS, Mortgage, Mortgage Rate Lock-In Effect, mortgage rates, National Mortgage Database, pending home sales, rate lock-in effect, Redfin, seattle, Select and united states
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