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The Two Big Issues in Today’s Housing Market

You might experience moments when you feel stuck in your present residence. Unable to move even if you want to. This feeling can be amplified by the fear of not finding another home to buy if you do decide to move. Let’s break down these two big issues in today’s housing market.

What is a rate-locked homeowner?

A rate-locked homeowner is someone who has a mortgage with a fixed interest rate. This means that for a specified period of time, their mortgage’s interest rate is set at a particular percentage. Usually between one and ten years. During this time, the interest rate will not change, even if the market interest rates go up or down.

The fear of not finding another home to buy

The fear of not finding another home to buy if you move is a common concern for rate-locked homeowners. This fear is based on the idea that the housing market is very competitive, and that there may not be many options available that meet your needs and budget.

In addition, a homeowner who already has a fixed-rate mortgage with a low interest rate could be reluctant to switch to one with a higher rate.

What steps can you take to make the process less stressful?

If you are a rate-locked homeowner who is considering selling your home and buying a new one, there are steps you can take to make the process less stressful.

Step 1: Do your research and work with a real estate agent who understands the local market

The JDRE Team can help you determine the current value of your home and find homes that meet your needs and budget.

Step 2: Consider your financing options

If you’re worried about losing your low-interest rate, you may want to look into options like a portable mortgage or bridge financing. These options can help you move into your new home without losing your current mortgage rate.

Step 3: Be patient and flexible during the process

The housing market can be unpredictable, and it may take some time to find the perfect home. However, if you are open to different options and willing to be flexible with your timeline, you can increase your chances of finding a home that meets your needs and budget.


Being a rate-locked homeowner can be scary when you’re considering moving. However, by doing your research, considering your financing options, and being patient and flexible, you can make the process less stressful.

Remember that the most important thing is to find a home that meets your needs and budget, even if that means waiting a little longer or exploring different options.

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