Home sellers give up low mortgage rates as life changes drive listings

3 articles · Updated · Realtor.com News · Apr 23

A Coldwell Banker survey of over 700 agents finds 1 in 3 sellers this spring are leaving sub-5% mortgage rates, often due to personal life changes.
Despite the easing lock-in effect, over half of mortgages still carry rates below 4%, and inventory remains tight, pushing median home prices to record highs in March.
While necessity is prompting more homeowners to move, most agents say the lock-in effect still significantly constrains supply, with buyers carefully weighing financial and lifestyle needs before acting.

As life needs clash with finances, is the great mortgage 'lock-in' finally breaking?

Is the growing home insurance crisis a bigger threat to buyers than high mortgage rates?

Beyond finances, how is the mortgage lock-in effect reshaping American communities?

When is giving up a 2.5% mortgage for a 4.5% rate the right financial move?

Will the ban on big investors actually make homes more affordable for American families?

With climate risks soaring, is your home's equity as safe as you think?