What is the "lock-in" effect as mortgage rates decrease

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  • เผยแพร่เมื่อ 10 พ.ค. 2024
  • ABC News' Alexis Christoforous is here now to explain the lock-in effect and the impact it’s having on the housing market.
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ความคิดเห็น • 29

  • @runfayalife
    @runfayalife 2 หลายเดือนก่อน +27

    What kinda financial advice is that to suggest adjustable rates?
    NEVER take an adjustable rate. Wtf?

    • @jesse_-
      @jesse_- 2 หลายเดือนก่อน

      I have known folks that took the adjustable rate, and they paid less than people with a fixed rate. It depends who you are and what you’re trying to accomplish.

    • @runfayalife
      @runfayalife 2 หลายเดือนก่อน

      @@jesse_- you do what you gotta do ...

  • @61impala
    @61impala 2 หลายเดือนก่อน +13

    Im never giving up my 2.75 interest rate. My small house turned into my forever home.

    • @mikeg8276
      @mikeg8276 2 หลายเดือนก่อน +2

      Same

  • @richardphillips8316
    @richardphillips8316 2 หลายเดือนก่อน +8

    Forget about it nobody's buying this year. 😈👍

  • @trendzone3865
    @trendzone3865 2 หลายเดือนก่อน +2

    These numbers are wrong.

  • @BuhodePiedra
    @BuhodePiedra 2 หลายเดือนก่อน +4

    Plus now sellers (in general older people) must legally have representation and buyers (in general younger people) do not necessarily need any sort of legal representation at all.. giving us even less power than we already didn’t have

  • @pepperpower1652
    @pepperpower1652 2 หลายเดือนก่อน +3

    Go outside enjoy the night lights

  • @jongonegone1262
    @jongonegone1262 2 หลายเดือนก่อน +1

    she said be smart and work out the ADJUSTIBLE RATE MORTAGE !!! SHE'S OUTTA HER MIND. SAME BULL AS 2008

  • @sew_gal7340
    @sew_gal7340 2 หลายเดือนก่อน +2

    I bought literally at the beginning of the pandemic...Feb of 2021 ...at 2%...remember kids when the majority of people are fearful thats when you go all in!

  • @michelleaguirre6335
    @michelleaguirre6335 2 หลายเดือนก่อน

    my mortgage is at 3.2% for my tiny house, I was hoping to only live at the house for five years. It's now my forever home. I'm gonna turn it into my forever dream home 😊

  • @MysteryKmt
    @MysteryKmt 2 หลายเดือนก่อน

    Ooh we are being gaslit big time lately. I remember this narrative from 06-07

  • @beatriceowusuachaw6210
    @beatriceowusuachaw6210 2 หลายเดือนก่อน +1

    GOD IS FAITHFUL AND ALIVE

  • @gab4690
    @gab4690 2 หลายเดือนก่อน +6

    Keep voting blue for higher rates.

    • @runfayalife
      @runfayalife 2 หลายเดือนก่อน

      That tells me you don't know who is running the country.
      The Federal Reserve isn't blue, nor red. It's invisible.

    • @JohnDoe-pk2hs
      @JohnDoe-pk2hs 2 หลายเดือนก่อน +1

      Are you honestly under the opinion you will change anyone's mind? I will not vote for Trump, but I will vote against him every single time.

    • @captainbuddyfantastic4181
      @captainbuddyfantastic4181 2 หลายเดือนก่อน

      Ah another bitter right winger. Keep voting red for chaos and anarchy. Nah I’ll stick with voting blue .

    • @gab4690
      @gab4690 2 หลายเดือนก่อน +1

      @@JohnDoe-pk2hs boo hoo to much truth. Show us on the doll where he hurt you.

  • @beatriceowusuachaw6210
    @beatriceowusuachaw6210 2 หลายเดือนก่อน

    GOD IS FAITHFUL AND ALIVE