“Lock-in Effect” Improvement in the Housing Market: Sub-3% & 4% Home Loans Only Slowing Down
Average ARMs have started to drop further and are at record lows: FHFA’s National Mortgage Database. By Wolf Richter for WOLF STREET. The extremely low mortgage rates for 2020 to 2022 – the 30-year rate has fallen below 3% as inflation is heading towards 9% – is one of the reasons for this frozen housing … Read more