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Real Estate
Reply to "Americans locked into lower mortgage rates have been increasingly unwilling to sell their homes."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Apparently Zillow's feeling the stretch - no one can afford to buy or jump at 7% rates...shocker [twitter]https://twitter.com/NewsLambert/status/1694861820362703245[/twitter][/quote] Do you still have outside financing with Zillow? So 30-year loans are a go?[/quote] We are one minute away from 40- and 50-year loans. Just like car loans went from 3 to 5 to 7. Mark my words.[/quote] aren't home loans sold/ refinanced every 10-15 years anyways? Who cares what the nominal term length is.[/quote] 40 yr high interest mortgage only happens when you living paycheck to paycheck, which means you can't afford to sell and pay transaction costs. [/quote] or the borrower is "dating" the mortgage while waiting for interest rates to go down in 5-15 years.[/quote]
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