Mortgage Rates Lock Homeowners in

This is a U.S. news story, published by Yahoo Finance, that relates primarily to Realtor.com news.

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lower mortgage rates

Yahoo Finance

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Business

Business & Economics

You locked in a low mortgage rate — now you want to move. What should you do?

Summary

Nutrition label

76% Informative

There are several options for homeowners who want to move in today ’s market.

Some allow you to keep your rate and move, some help you snag another low interest rate, and others help you gain financial leverage before selling your home.

Realtor.com : A "lock-in effect" keeps homeowners from selling.

Porting a mortgage allows you to sell your house and move your existing loan to your new home.

The U.S. mortgage industry is a complicated web of state and federal regulations.

Maine has worked on a plan to enable portability and "promote housing affordability" The Federal Housing Finance Agency said porting mortgages is "not under active consideration".

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful