How the rate lock effect is changing homeowner behavior

The rate lock effect is having a real impact on how homeowners make decisions right now. In early 2026, homeowners across the U.S. tapped into $47 billion of their home equity mostly through second liens. As someone who guides clients through buying and selling in Columbia, SC and surrounding communities, I always keep an eye on trends like these to help you make informed decisions about your next move. Understanding where equity is building or slipping can really shape your options, whether you’re thinking of selling, refinancing, or just planning ahead.