Kim Feigley | REMAX Eclipse

Real Estate Tips

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Locked In and Holding Out: How Low Mortgage Rates Are Freezing the Housing Market

The U.S. housing market is grappling with a persistent shortage of homes, and one major reason is the “lock-in effect.” Homeowners with ultra-low mortgage rates secured during the pandemic are reluctant to sell, even as market demand grows. This hesitance is tightening inventory, driving up prices, and reshaping the dynamics of both buying and selling real estate in 2025.

05MAY

Buy a Home, Keep the Seller’s Rate

With interest rates nearing 7%, many homebuyers in the U.S. are exploring assumable mortgages as a strategic way to save money. By taking over a seller’s existing home loan with a lower interest rate, buyers can reduce their monthly mortgage payments significantly. This article explains how assumable mortgages work and why they’re gaining popularity in today’s housing market.

Detroit, Wayne County

Detroit is a city in Wayne County, Michigan. The city is located at 42°19’53”N and 83°2’45”W. According to the United States Census Bureau, the city’s population was 680,250. According to the last census, the median income for a household in the city was 25,980. Please visit the city page on my website and you’ll be able to see all real estate data and detailed Detroit statistics.

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https://real-estate-website.net/myre/images/images_city/MI/ChIJdR3LEAHKJIgR0sS5NU6Gdlc/1_700.jpg
Detroit, Wayne County
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Detroit is a city in Wayne County, Michigan. The city is located at 42°19'53''N and 83°2'45''W. According to the United States Census Bureau, the city's population was 680,250. According to the last census, the median income for a household in the city was 25,980. Please visit the city page on my website and you'll be able to see all real estate data and detailed Detroit statistics.

I know everything about Real Estate. Contact Me!

Kim Feigley, Realtor

RE/MAX Eclipse

5905 South Main Street Clarkston, MI 48346

Email: kimsellsmichigan@gmail.com

Phone: (248) 410-7734

I take the time to listen carefully to understand my client’s needs, wants and concerns. I will be ready to take quick action when required and spend more time with those who aren’t quite sure which direction to take. My genuine concern for my client’s best interests and happiness ensures the job is done!