Feb 222016

The Myth of the Fixed Rate 30-Year Mortgage

Posted on February 22, 2016 Group A

  The Myth of the Fixed Rate 30-Year Mortgage: Let me get to the point without forcing you to read a long introduction; “Most People Keep Their Homes for Six Years”.  So why is it that most people look for a fixed rate 30-year mortgage? While many of us would like to believe that the home we just purchased will be our home forever, in most cases that is not the reality.  According to a recent Federal Reserve Bank study, the average age of the first time buyer is 33 years old. So on average, most people will purchase 4 homes

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