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The housing supply problem
FT News Briefing
The Importance of Interest Rate Lock in Real Estate
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There's a shortage of new homes being built, which is one reason why there are so few for sale. The second challenge that we're facing right now is what we call in the industry as interest rate lock. If you're thinking about making a move and you're in a home with an interest rate under four, your replacement property could have rates over six. Give some folks cause for pause or made delay just to see if rates will moderate.
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