Locked · today
Thaw · rates fall
How mortgage-rate lock-in suppresses big-ticket remodel demand
locked · big-ticket suppressed
Mortgage rates
pinned near one-year high
rate lock-in
existing-home stock
existing-home turnover
near the historical floor
big-ticket remodels
kitchens, additions
smaller maintenance,
pro/commercial work
Healthy cohort
withholds big projects
HD comp recovery
broad, unlocked
HD comp today
price/mix, pro, SRS