How low mortgage rates led to a home seller’s ‘strike’
How low mortgage rates led to a home seller’s ‘strike’
By Jeff Ostrowski | Bankrate.com
The sharp rise in mortgage rates in 2022 has hampered housing affordability and led to fewer home sales. Aside from those obvious bits of fallout, the run-up in rates has also delivered a surprise: Many homeowners are choosing not to sell because they don’t want to give up the super-low rates they locked in during 2020 and 2021.
In the depths of the pandemic, many…