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Can we break out of the mortgage lock-in effect?

Marketplace

English - February 19, 2024 21:11 - 28 minutes - 11.8 MB - ★★★★★ - 7.7K ratings
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It’s a tough time to be a first-time buyer in the housing market. But it’s also tricky if you own a home and are looking to buy a new one, because your mortgage rate could roughly double. That “lock-in effect” is keeping housing inventory low and pushing prices higher. Then, we’ll examine why shipping costs are falling despite global disruptions and hear how steakhouses are trying to rebrand themselves.