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what rates of those fixed mortgages do these subsidies provide on average? To me, massive government subsidies is more like in France where you can have a 0% i
by vmarsy 10y ago
what rates of those fixed mortgages do these subsidies provide on average?
To me, massive government subsidies is more like in France where you can have a 0% interest 25 year mortgage if your household income is low enough.
Or the special account which gives a 2.6% fixed interest after having saved some money in a special savings account.
- kasey_junk 10y agoFreddie & Fannie own ~45% of the mortgages in the US. Ginnie has another 15. In addition VA loans & FHA loan security is applied to something like 45% of loans. I've seen estimates that suggest the US taxpayer backs or owns 60% of loans in the residential market.