October 2025NextHome Blue SkiesCatawba • Caldwell • Burke • Alexander • Lincoln • IredellLocal events, market snapshot, and ways we can help this month.Questions about,
🔶 The Mortgage Rate Lock-In Effect 🔶
Dated: January 29 2024
Views: 28
🔶 The Mortgage Rate Lock-In Effect 🔶
Over the past year, one factor that’s really limited the options for your move is how few homes were on the market. That’s because many homeowners chose to delay their plans to sell once mortgage rates went up.
These homeowners decided to stay put and keep their current lower mortgage rate, rather than selling and taking on a higher one on their #nexthome.
🔶 Early Signs Show Those Homeowners Are Ready To Move Again
According to the latest data from Realtor.com, there were more homeowners putting their houses up for sale, known in the industry as new listings, in December 2023 compared to December 2022 (see graph below):
Typically, activity in the housing market cools down in the later months of the year as some sellers choose to delay their moves until January rolls around. This is the first time since 2020 that we’ve seen an uptick in new listings this time of year. This could be a signal that the rate lock-in effect is easing a bit in response to lower rates.
What This Means for You
While there isn’t going to suddenly be an influx of options for your home search, it does mean more sellers may be deciding to list. If you've been discouraged by lack of inventory and interest rates, it's a great time to look again!
🔶 Click on the link below to see today's available inventory:
https://loom.ly/Ar_0B8I
🔶 Click on the link below to find out what your home may be worth in today's market:
https://loom.ly/OJpqbvo
We look forward to serving you!
🏡 NextHome Blue Skies
O: 828.330.6088
www.NextHomeBlueSkies.com
Becky Petree
Becky Petree is a trusted real estate professional serving Catawba, Caldwell, Burke, Alexander, Lincoln, and Iredell Counties in North Carolina. As part of NextHome Blue Skies, she specializes in resi....
Latest Blog Posts
If you’ve been skipping over newly built homes in your search, you might be doing so based on outdated assumptions. Let’s clear up a few of the most common myths, so you don’t miss
Cutting out the agent might seem like a smart way to save when you sell your house. But here’s the hard truth.Last year, homes that sold with an agent went for almost 15% more
Are you thinking about selling your house? Some common mistakes today can make the process more stressful or even cost you money.Fortunately, they’re easy to avoid, as long as you know what to
Canopy MLS® Copyright ©2026 All rights reserved.
