From Breakingviews - Breakingviews - COMMENTARY: Fixed-rate mortgages are rent control by stealth ↧ ↧ Breakingviews - COMMENTARY: Fixed-rate mortgages are rent control b... Americans aren’t selling homes because they are bound to borrowing costs ​that are far cheaper ​than new loans. The result is ⁠that it reduces supply the ​same way rent freezes backed by ​New York Mayor Zohran Mamdani do. Changing the 30-year-lock-in term could get the ​market moving.