Sellers Finally Over The Lock-In Effect

People have been “locked in” to ultra-low mortgage rates for years — but that’s finally starting to change.

In this episode of Today in Mortgages, Michael and Rich break down the lock-in effect, why it’s easing, and what falling rates mean for home buyers, sellers, and loan officers right now. With rates inching lower and inventory improving, movement is returning to the market — and opportunity is following.

In this episode, we cover:

• What the mortgage lock-in effect really is
• Why lower rates are finally pushing people to move
• How life events are overriding rate hesitation
• What current rate trends mean for buyers and sellers
• How loan officers should re-engage their database right now

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.