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Re: Donotunderstand post# 727413

Thursday, 07/21/2022 3:39:32 PM

Thursday, July 21, 2022 3:39:32 PM

Post# of 792722
No there will ALWAYS be some demand for home purchases, hell I remember one mortgage from 1983 was 13+%, but inflation like now was pretty damn high.

You know the beauty of Fannie Mae and Freddie Mac is that we spoiled Americans have access to the 30 year fixed rate PREPAYABLE AT ANYTIME mortgage, so you can refi whenever rates drop.

Ask our northern neighbors in Canada (ehh?) if they can prepay their home mortgage ANYTIME WITHOUT PAYING A PREPAYMENT PENALTY wink !