Everywhere you go, always take your mortgage with you

This would prevent mortgage lock-in from bringing the housing market to a standstill

Hi! I’m Aziz. My newsletter contextualizes economic news using data visualization. These days I’m focusing on housing—hit reply and let me know what you think.

American homeowners don’t want to move and lose their cheap mortgages. This “mortgage lock-in” effect has frozen the real estate market. Low inventory has prevented prices from falling. As a resul…