Tag Archive for: mortgage rate lockdown

Will Low Rates Break the Mortgage Rate Lockdown Logjam & Crush the Market?

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Despite naysayers insisting that mortgage rate lockdowns are NOT a thing, it seems abundantly obvious to us in the industry that they are most definitely “a thing.” Sellers are reluctant to sell if they have to buy a new home with a mortgage in a 4% to 5% higher rate environment. Hence, sellers are “locked down” by their low-rate mortgages, and this is the reason why inventory remains so tight.Read More

Inventory Is STILL The Problem! Fascinating Data; Solutions Too; Rates Hit New Lows

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Active listings fell in March to only 563,000 nationwide, down from 578,000 in February. This would be close to an all-time record low, but for the last year’s even lower numbers. But, either way, the number is extremely low, not even close to the 4 million we saw in 2007, and, also surprising because we normally see active listings CLIMB in March.Read More