Millions of Americans Are Locked Into Their Pandemic Mortgage Rates, Freezing the Housing Market

Millions of Americans Are Locked Into Their Pandemic Mortgage Rates, Freezing the Housing Market
November 17, 2025

Pandemic mortgage rates seemed like a dream, now they’re a nightmare. Homeowners are locked in, unable to move or upgrade. What’s next for the US housing market? , what’s your take on this unprecedented lock-in effect?