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The lucrative mortgage industry is why Americans are the only country with widespread access to fixed-rate mortgages. The rest of us have to take on 25-30 years
by missedthecue 3y ago
The lucrative mortgage industry is why Americans are the only country with widespread access to fixed-rate mortgages. The rest of us have to take on 25-30 years of interest rate risk when he get a mortgage.
- pkaye 3y agoIts not unique to US. Denmark has 30 year fixed rate mortgages through different approaches. https://www.economist.com/leaders/2023/08/31/to-fix-broken-mortgage-markets-look-to-denmark https://www.economist.com/leaders/2023/08/31/to-fix-broken-m...