The “Lock-in Effect” and Mortgage Rates: Update on Unwinding a Phenomenon that Wrecked the Housing Market

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The “Lock-in Effect” and Mortgage Rates: Update on Unwinding a Phenomenon that Wrecked the Housing Market

wolfstreet.com/2025/09/29/the-lock-in-effect-and-mortgage-rates-update-on-unwinding-a-phenomenon-that-wrecked-the-housing-market

This is going to take a long time to get worked out.
By Wolf Richter for WOLF STREET.
The share of below-3% mortgages outstanding declined in Q2 to 20.4% of all mortgages outstanding, the smallest share since Q2 2021 (red in the chart), according to data by the Federal Housing Finance…

This story appeared on wolfstreet.com, 2025-09-29 23:30:33.