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News • 1 year ago

A 30-Year Trap: The Problem With America’s Weird Mortgages

www.nytimes.com

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A 30-Year Trap: The Problem With America’s Weird Mortgages

www.nytimes.com

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News • 1 year ago

One big reason the U.S. housing market is broken: Owners don’t want to give up their cushy old loans.

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Monkeytennis
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1•1 year ago
I wanted to pay it down while the rates were low, 10% would’ve started off ok, but obviously the lower it got, the less that was. Makes sense from the bank’s pov, seems a fair trade-off for a fix.

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