Interest Rates Have Dropped, but Homeowners Are Not Moving
Homeowners are afraid to leave behind great deals they locked in years ago, tethered to their property by “the rate-lock effect” or “golden handcuffs.” [Source]
Publication Date:Origin: nytimes.com
Category: Real Estate and Housing (Residential)
Topics: Homeowners, handcuffs, “golden, effect”, rate-lock, “the, property, tethered, years, locked, deals, great, behind, leave, afraid, Moving, Dropped, Rates, Interest
Source: https://www.nytimes.com/2024/09/05/realestate/interest-rate-lock-effect-home-ownership.html