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 ...

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 ...

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 ...