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Robert from yahoo bd

09/27/23 1:45 PM

#769479 RE: Donotunderstand #769476

Would you give up a 30 year prepayable at anytime Fixed Rate Mortgage of below 4% to put your home on the market and buy a new one at over 7%?

Isn't it better to pay back your Fixed Rate Mortgage with dollars that are worth less each year?

Some of these below 2% 30 year Fixed Rate Mortgages from the pandemic era are sitting on banks assets books at 50%-70% of principal.