Kate Wood
speaker
431 appearances
7 recordings
2 series
first heard Dec 2025
last heard 13 Aug
Kate Wood’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 7 in all, peaking in Feb 2026 with 4.
Appearances
So think about Abby's example a minute ago of someone who's got roughly a 3% mortgage rate.
Even if we kind of ignore, you know, after that decimal place, we're still looking at someone who's roughly, you know, three solid percentage points off of today's rates.
So looking at that FHFA research, that person is so much less likely to sell, right?
So if every percentage point drops your likelihood of selling 18%, we're doing that additively.
someone who is three percentage points off prevailing rates is more than 60%, if we put it all together, more than 60% less likely to put their home on the market.
Mm.
And in this case, we are literally talking millions of fewer homes.
So same FHFA researchers.
Looking at this mortgage rate lock-in effect, they estimate that from like mid-2022 to mid-2024, rate lock-in prevented about 1.7 million home sales.
So these are homes that theoretically probably should have changed hands.
And then here's uh the even bigger twist: higher rates just on their own, which is exactly what we were seeing in that 2022, 2023 time period, those
Should have pushed home prices down about 6%, right?
On their own.
They should have been depressing prices.
But rate lock-in was squeezing supply so much that that in itself was pushing prices up about 7%.
So that's where that price relief went.
It was completely wiped out by this lack.
Yeah, it it is quite the one-two combo if you're a home buyer.
Mm-hmm.
Oh no.
Showing 61–80 of 431 · page 4 of 22
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