Realtor.com, Santa Clara, Calif., reported that in the third quarter of 2025, 20% of outstanding mortgages had an interest rate below 3%. But, 21.2% were at a rate of 6% or above, an increase of four percentage points year-over-year.
Tag: Locked-In-Effect
ICE Mortgage Monitor for April: Influence of the ‘Locked-In’ Effect Apparent
Intercontinental Exchange Inc., Atlanta, released its Mortgage Monitor Report for April, and the “locked-in effect” was front and center. The report highlighted how for many homeowners, giving up their current rate to purchase an equivalently priced home would result in a 40% increase in principal and interest.