Are Fixed Rate Mortgages Crippling the Housing Market in 2024?
Marco Santarelli
APRIL 21, 2024
According to the New York Times report , it's the lock-in effect fueled by fixed-rate mortgages , where homeowners find themselves in financial limbo, unable to take advantage of the current market conditions. For those not planning to move anytime soon, the low rates secured during the pandemic offer long-term benefits.
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