There should have never been less than 3 percent mortgages. They basically gave away free home equity to an entire generation. And you know what they did? Bought 2nd homes and allowed VRBO/AirB&B to thrive. Now with “normal” interest rates, none of this makes any sense.
This is the Fed’s fault.
There should have never been less than 3 percent mortgages. They basically gave away free home equity to an entire generation. And you know what they did? Bought 2nd homes and allowed VRBO/AirB&B to thrive. Now with “normal” interest rates, none of this makes any sense.