Higher Mortgage Rates Were Supposed to Cool Home Prices. How ‘Rate Lock-In Effect’ Got in the Way
When the Federal Reserve began aggressively raising interest rates in 2022, many analysts expected home prices to fall. But they didn’t. Instead, they soared. A new analysis from the Joint Center for Housing Studies (JCHS) at Harvard University helps explain why—and the answer is summed up in mortgage rate locks. From the start of 2021…
The post Higher Mortgage Rates Were Supposed to Cool Home Prices. How ‘Rate Lock-In Effect’ Got in the Way appeared first on RISMedia.
Categories
Recent Posts
Loan officers are going to Washington
When standard DSCR falls short: What real estate investors should know about no-ratio financing
The Ground Lease Dilemma—Affordability Engine or Ticking Time Bomb?
She Taught Private Swim Lessons at Home for 7 Years. Then the City Shut Her Down After a Neighbor’s Complaint.
Here’s Where It Takes the Longest To Save for a Down Payment—and Where It’s Quickest
‘Grey’s Anatomy’ Star Patrick Dempsey Lifts the Lid on His Childhood in Tiny Maine Town—and His Job at Local Recycling Center
Maria Shriver Reveals How Childhood Lessons From Her Late Father Help Her Navigate Tricky Relationship With RFK Jr.
Forensic Pilot Reveals Widespread MLS Data Violations
Inventory rises as pricing lags in the spring housing market
Lawmakers target retirement gaps facing family caregivers
