Our elected leaders have a unique opportunity to strengthen small businesses, sustain critical industries, combat inflation in the housing market and make homeownership more accessible for millions of Americans.

Today’s housing market remains trapped in a cycle of limited supply and elevated costs. A central challenge is homeowners’ reluctance to sell—driven largely by the financial shock of trading a historically low mortgage rate for one that remains above 6%. Mortgage rates have stayed above that threshold since 2022, fundamentally reshaping market behavior. 

The mortgage rate lock-in effect

As a result, the so-called “lock-in effect” continues to constrain inventory. details ⇒

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