{"id":908,"date":"2026-04-29T17:00:00","date_gmt":"2026-04-29T17:00:00","guid":{"rendered":"https:\/\/www.markmallorca.com\/blog\/?p=908"},"modified":"2026-04-29T17:00:00","modified_gmt":"2026-04-29T17:00:00","slug":"lock-in-effect-below-3-mortgages-fade","status":"publish","type":"post","link":"https:\/\/www.markmallorca.com\/blog\/2026\/04\/lock-in-effect-below-3-mortgages-fade\/","title":{"rendered":"Lock-in Effect: Below-3% Mortgages Fade"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/mark-mallorca\/lock-in-effect-home-sale\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>Slide 1<br \/>\nUltra-low mortgage rates below 3% during 2020\u20132022 created today\u2019s housing market lock-in effect.<\/p>\n<p>Slide 2<br \/>\nHomeowners keep ultra-low loans because moving means paying much higher mortgage rates today.<\/p>\n<p>Slide 3<br \/>\nThis lock-in helped push existing home sales nearly 25% below 2019 levels.<\/p>\n<p>Slide 4<br \/>\nMortgages under 4% still represent about half of all outstanding loans.<\/p>\n<p>Slide 5<br \/>\nHowever, low-rate mortgages are slowly fading as homes sell and loans get repaid.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Slide 1 Ultra-low mortgage rates below 3% during 2020\u20132022 created today\u2019s housing market lock-in effect. Slide 2 Homeowners keep ultra-low loans because moving means paying much higher mortgage rates today. Slide 3 This lock-in helped push existing home sales nearly 25% below 2019 levels. Slide 4 Mortgages under 4% still represent about half of all [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":909,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts\/908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/comments?post=908"}],"version-history":[{"count":1,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts\/908\/revisions"}],"predecessor-version":[{"id":910,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts\/908\/revisions\/910"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/media\/909"}],"wp:attachment":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/media?parent=908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/categories?post=908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/tags?post=908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}