How A Rare Type Of Mortgage Is Landing Homebuyers A 3% Mortgage Rate

Name: How A Rare Type Of Mortgage Is Landing Homebuyers A 3% Mortgage Rate
Uploaded: 2024-10-15T07:31:26.754Z
Duration: 6 min 56 s
Channel: Debt Dialogue
Description: Popular in the 1970s and 80s assumable mortgages have largely fallen out of the public consciousness. But as U.S. mortgage rates plateau above 6%, interest in this rare type of mortgage has seen a steady climb over the past three years. Now, U.S. homebuyers are looking into mortgage assumption as a way to secure a sub-3% mortgage rate.

Debt Dialogue

3 Video Views·Oct 15, 2024

Popular in the 1970s and 80s assumable mortgages have largely fallen out of the public consciousness. But as U.S. mortgage rates plateau above 6%, interest in this rare type of mortgage has seen a steady climb over the past three years. Now, U.S. homebuyers are looking into mortgage assumption as a way to secure a sub-3% mortgage rate.