New research from University of California economists is telling us that rising interest rates in the last two years caused homeowners to stay put. It's a phenomenon known as "mortgage rate lock," and we're looking at how it's affecting homeowner behavior. For more, KCBS Radio anchor Holly Quan was joined by Jack Liebersohn, assistant professor of economics at UC Irvine. “Now that interest rates are starting to fall again, I’m hoping that some of this will start to reverse itself. Some of those pent-up moves might finally start to happen – and maybe some people who were locked out of the housing market altogether might start to be able to get into a home,” says Liebersohn.

Listen in: https://www.audacy.com/podcast/kcbs-radio-on-demand-011f4/episodes/rising-interest-rates-have-led-homeowners-to-stay-put-a1ac8