Mortgage Rates Decline to Lowest Spring Levels, Easing Homebuyer 'Lock-in Effect'
Mortgage rates have recently fallen to their lowest point in the last three spring homebuying seasons. This decline is beginning to mitigate the 'lock-in effect' that has previously deterred potential homebuyers.
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Mortgage rates inch lower — and chip away at the ‘lock-in effect’ that has hurt home buyers
Mortgage rates fell for the third straight week, a welcome sign for a housing market challenged by high prices and sellers reluctant to give up their own favorable rates.
By Andrew Keshner
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