> People have locked interest rate and can re-fi 1-2 years with lower interest rate. Hmmm, that doesn't make sense. We don't know if rates will be lower in 1-2

> People have locked interest rate and can re-fi 1-2 years with lower interest rate. Hmmm, that doesn't make sense. We don't know if rates will be lower in 1-2 two years, than they were in 2020-2021. People who financed mortgages during that time probably won't be interested in refinancing, since the rate will likely be higher.