StrawberryPigtails@lemmy.sdf.org to News@lemmy.world · 7 months 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

StrawberryPigtails@lemmy.sdf.org to News@lemmy.world · 7 months ago

102

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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7 months ago
I purchased in 2022 right before the major increases happened, well, in the middle. I’m in at 4.25.

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

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