Real Estate & Home

Lock-In Effect Keeps Inventory Tight'but 6.01% Mortgage Rates Could Change That

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Home inventory remains high but growth has slowed due to homeowners being locked into low mortgage rates, despite average 30-year fixed mortgage rates dropping to 6.01%. This shift could encourage more sellers to list their homes and provide buyers with better negotiating power as home prices cool and listings stay on the market longer.

Read the full article at Realtor.com Blog

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