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