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It’s a ‘tale of two housing markets’ with buyers and sellers at opposite ends, Fannie Mae CEO says

Por: MarketWatch Politics October 17, 2023

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“Homeowners are in good shape because they probably have a lot of equity in their homes. They probably have a mortgage that’s 2%, 3%, 4%,” she explained, but are constrained by a “lock-in effect of not giving up that mortgage.” Also see: Roughly 92% of U.S. homeowners who have mortgages have a rate below 6%, according to a But as the , homeowners find little interest in selling their home, since they may have to buy another with a... + full article



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