lock-in effect

The ‘wait for rates to drop’ narrative that froze Davis County buyers and sellers for two years has broken down. Mortgage rates have normalized into the mid-to-upper 6% range, inventory is recovering, and the market is moving again on different terms than most people expected. Here’s what it means if you’re buying or selling in Bountiful, Farmington, Kaysville, or anywhere across Davis County in 2026.