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Rising interest rates have led homeowners to stay put

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New research from University of California economists is telling us that rising interest rates in the last two years caused homeowners to stay put.

It's a phenomenon known as "mortgage rate lock," and we're looking at how it's affecting homeowner behavior.

For more, KCBS Radio anchor Holly Quan was joined by Jack Liebersohn, Assistant Professor of Economics at UC Irvine.

Kirpal Kooner / Getty Images

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