"The Lock-In Effect of Rising Mortgage Rates"

Last week I wrote about some homeowners “locked in with golden handcuffs”:

There are always people that need to sell due to the so-called 3 D’s: Death, Divorce, and Disease. Also, in certain times, some homeowners will need to sell due to unemployment or excessive debt (neither is much of an issue right now).

And there are homeowners who want to sell for…