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The majority of mortgages in the US are fixed rate with a 30 year term. Mortgages originating now will have a rate in the 7% ballpark. In 2021 you could get mo
by sneed_chucker 2y ago
The majority of mortgages in the US are fixed rate with a 30 year term.
Mortgages originating now will have a rate in the 7% ballpark. In 2021 you could get mortgages with a 2.5% fixed rate.
However, it's common for people to refinance down to a lower rate when they come available, so lots of American homeowners have rates in the 2-3% range.
- patall 2y agoMakes sense, thank you! Actually that would go in line with my suspicion that 'the market' predicts/trends towards a 2 USD = 1 EUR rate within one or two decades.