What’s the ‘Lock In’ Effect? Break Free Using Home Equity

What’s the ‘Lock In’ Effect? Break Free Using Home Equity

If you’re shopping for a home, you’ve felt the freeze – unfortunately, interest rates don’t follow the mercury bulb. In fact, with rates still high, you may wonder if you’ll ever have the chance to purchase again. It’s a question that promises to persist, but there’s a silver lining ready to thaw: while rates play hard to warm up to, home equity has skyrocketed. If you own a home, that may be the ray of sunshine you need to keep …