Home prices are likely to gain, but less quickly, in the 2025 housing market. Here's what to know about mortgage rates, rate lock-in, and more.

(NewsNation) — Homeowners have been reluctant to sell due to elevated mortgage rates, but a new report shows the so-called “lock-in effect” is starting to ease. In the first quarter of this ...

The rapid rise of mortgage rates over the past two years discouraged many homeowners from selling, and this "lock-in" effect has distorted the market. Home prices keep hitting record highs ...

In the eyes of Raunaq Singh, the founder and CEO of Roam, the solution to this so-called "lock-in effect" has been right there the whole time: "We should just take the mortgages that already exist ...

It's known as the "lock-in effect." "If they got a rate that starts with a 2 or a 3 [percent], they're very reluctant to give that up," Chadbourne explained. "If they're going to have to pay a ...

This is called the lock-in effect — and it could linger for decades. "Unfortunately, we've known about the lock-in possibility for many, many years," John Campbell, a Harvard economist ...

While 2023 and 2024 were plagued by low inventory as a result of the lock-in effect, economists expected a rebound in sales starting this year. “It looks like the mortgage rate is the magical ...

Higher mortgage rates have kept homeowners clinging to lower-cost loans, a trend known as the “lock-in effect.” Meanwhile, the median national home price clocked in at $403,700 in March ...

The housing sector has struggled in recent years as high interest rates and the lock-in effect of low mortgage rates during the pandemic have put pressure on home sales. Existing home sales have ...

For the past several years, one of the strongest forces acting on the housing market has been the mortgage rate “lock-in” effect, whereby homeowners with rock-bottom rates were reluctant to ...