Pandemic-Era Homebuyers Trapped by Low Mortgage Rates

Pandemic-Era Homebuyers Trapped by Low Mortgage Rates

Many Americans who bought homes when mortgage rates plummeted during the pandemic now say they feel stuck, creating a nationwide lock-in effect that remains significant today as the Trump administration pushes new policies aimed at loosening mobility in a strained housing market, according to The New York Times. When Sandy Lachhman and Shaun Parmassar began searching for a home on Long Island in early 2022, they felt pressure to buy quickly. Mor…