…3% Mortgage Rates Will Loom Large over the Housing Market for Years to Come

Fortune, Mar. 2, 2023–Alena Botros
Homeowners who’ve locked in lower mortgage rates are choosing not to sell, tightening available inventory. That means that the market is losing buyers looking to move up and losing sellers looking to move up, so this lock-in effect is constraining both sides of the market.
https://fortune.com/2023/03/02/housing-market-lock-in-effect-3-percent-mortgage-rates-real-estate-home-buyers-sellers/