Why the ‘Lock-in’ Effect Is Prompting Homeowners to Stay Put
Pro Builder
SEPTEMBER 20, 2022
For example, Redfin found that in Atlanta, Chicago, Los Angeles and Washington, D.C., Financing. This “lock-in” effect is manifesting in markets across the country. homeowners with a mortgage rate below 3.5% less likely to put their homes up for sale in August than homeowners with a rate above 3.5%. New-Home Sales.
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