The lock-in effect
Among U.S. mortgage borrowers, 96.3% have a mortgage rate below 6%, and they aren’t
willing to give it up. The result is the fewest U.S. homes for sale since 2012.
26% have a rate under 3.00%
· 70.7% have a rate under 4.00%
· 91% have a rate under 5.00%
· 96.3% have a rate under 6.00%
This doesn’t mean we can’t find that home for you or if you are wanting to sell
your home that you can’t do so and still get into your next home. Give me a call
and let’s talk about your options.
Mary Cockburn/505-639-2090/MaryCockburn.Realtor@gmail.com
