#lock-in-effect

#lock-in-effect

Housing market sees increase in listings, signaling end of 'lock-in' effect.

Home sales projected to rise as mortgage rates stabilize.

The lock-in effect occurs when homeowners with low mortgage rates are deterred from selling and buying new homes at higher rates.

Homeowners are hesitant to sell due to higher mortgage rates, leading to a 'mortgage rate lock-in effect'.

Homeowners are hesitant to sell due to the mortgage rate lock-in effect caused by rising rates, varying by state based on the 'lock-in gap.'

Homeowners are reluctant to sell and lose low mortgage rates due to the lock-in effect.