Locked In at Low Rates: Why Home Prices Didn’t Tank

Mortgage Research Network Podcast · Mar 11, 2026 · 4m

Many economists forecast a sharp drop in home values when interest rates started rising, but that never fully materialized. Homeowners with historically low mortgage rates are staying put, keeping home prices from falling as much as experts predicted. Tim Lucas and Craig Berry break down the Harvard study on rate lock, explore why fewer sellers are moving, and discuss what it means for buyers and the broader housing market.In this episode you’ll learn:What rate lock is: How homeowners with low-interest mortgages are staying in place, limiting inventory and affecting market dynamics.Impact on…