Quote:
Originally Posted by powderjunkie
Aren't like 90% of US homeowners on 30 year fixed mortgages?
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Yep, they are subsidized by the Fed. There is a reason no where else in the world has them at competitive rates.
In the US market though this puts the brakes on the economy faster in some ways because people with good mortgages don’t move so demand for new housing goes down torpedoeing the construction Industry.