Are Rising Mortgage Rates to Blame for the Lack of Housing Inventory?

Dr. Anthony Chan, Former JPMorgan Chase Global Chief Economist & Current Bright Query Chief Economist

Jul 11, 2023

∙ Paid

Some market pundits have speculated that as mortgage rates have risen, many homeowners holding a low mortgage rate (e.g., 3.0 or 4.0%) would be reluctant to list their houses to avoid taking out a mortgage on their next house at a rate significantly higher than their current rate!

Based on this view, prospective homebuyers should wait until mortgage ra…

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