WD - Mortgage portability: A solution to the housing market's 'lock-in effect'?

2024-06-21 07:12:11 ET

Interesting dynamics have played out in the housing market since the Federal Reserve began raising interest rates to counter inflation. Some of these trends even go back further to the onset of the coronavirus pandemic, when the central bank dropped rates to zero at the same time people were seeking more space and lifestyle changes. The resulting effects have led to an increasingly expensive environment for housing and rent, and have even triggered an affordability crisis across many markets....

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