Can elevated mortgage rates help explain recent real estate market tightness? New research from the Federal Reserve Bank of Philadelphia suggests yes.
Tag: Lock-in Effect
Coldwell Banker: Mortgage Rate ‘Lock-In Effect’ Eases
Sellers are beginning to let go of historically low mortgage rates and buyers are re-entering the market–but are more cautious and discerning than in years past, according to Coldwell Banker Real Estate, Madison, N.J.