How mortgage lock-in is quietly pushing up house prices
July 14, 2026
July 14, 2026
PHILADELPHIA, Pennsylvania, July 14 -- The University of Pennsylvania posted the following news:
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How mortgage lock-in is quietly pushing up house prices
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When the Federal Reserve raised interest rates between 2022 and 2024, U.S. existing home sales fell by roughly 40% to levels last seen after the Great Recession. By textbook standards, prices should have followed sales downward. They didn't. Real house prices stayed remarkably stab . . .
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How mortgage lock-in is quietly pushing up house prices
*
When the Federal Reserve raised interest rates between 2022 and 2024, U.S. existing home sales fell by roughly 40% to levels last seen after the Great Recession. By textbook standards, prices should have followed sales downward. They didn't. Real house prices stayed remarkably stab . . .