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Market Impact: 0.3
Why American Homeowners Are Stuck
Source: Bloomberg
Housing & Real EstateInterest Rates & YieldsConsumer Demand & Retail
The gap between current mortgage rates and the low rates homeowners locked in before 2022 is discouraging moves and suppressing home sales. This rate-lock effect is constraining housing inventory and supporting higher home prices, creating an affordability headwind for prospective buyers.
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