Articles
The Lock-In Effect: Why Homeowners Are Renovating Instead of Moving
The Lock-In Effect Is Reshaping Home Improvement Millions of homeowners locked in low mortgage rates between 2020 and 2021. Now, with rates lingering around 7%, most of them aren’t going anywhere. Moving means giving up a lower payment for one that costs hundreds more per month. So, they’re staying put, and they’re putting that money…