Apartments in Hanoi are reaching record-high selling costs as a end result of provide and demand variations and low interest rates, which some consultants say is distorting the market. This means there shall be a continued lock-in effect, which means there’s a gap between present rates and the rates owners already have on their outstanding mortgages. About two-thirds of excellent residence loans have a rate beneath 4%, Realtor.com knowledge exhibits. As a result, potential home sellers could also be less incentivized to surrender their ultra-low mortgage rate for a better one on another home, prompting them to stay put of…