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Higher mortgage rates slow housing market thaw as low-rate loans remain locked in.

Market News
22 Oct 2026
PRNewsWire
View Source
Neutral
Higher mortgage rates slow housing market thaw as low-rate loans remain locked in.

Higher mortgage rates are causing homeowners to hold onto their pandemic-era low-rate mortgages, slowing the housing market's recovery. Mortgages with rates below 3% now make up nearly 20% of outstanding loans, while newer loans with rates above 5% are growing but still represent a smaller share. This rate lock-in means fewer homeowners are refinancing or moving, limiting housing supply and keeping prices high. If rates stay above 6%, loans with rates of 6% or higher could reach nearly 28% of the market by mid-2027, further slowing market activity.

Mortgage rate lock-in is the subject, with Pluang's Financials sector data providing market context. As of Oct 22, 2026 16:02 WIB, 38 of 142 Financials stocks rose and 99 fell. Notable movers include WULF at USD 12.17 with a 1-day change of -4.62% and a typical hold time of 19 days; COIN at USD 169.45, down 4.31%, with 82% buy order activity; and BTBT at USD 0.91, down 3.26%, with 100% buy order activity.

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