One consequence of decades-long, ultra-low interest rates is that many homeowners are locked into cheap mortgages and are unwilling to sell their property if it means having to get a new mortgage with a rate several percentage points higher than their current loan.
Mortgage Rates Are Crippling the Housing Market
Little Relief in Sight for Prospective Homebuyers
CoStar Analytics
August 23, 2023 | 2:18 P.M.
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