ilmscore | Prediction Details
"The longer the bank has to go without their money the riskier the investment is and so when you compare a 15-year mortgage with a 30-year mortgage a 30-year mortgage is going to seem a little bit riskier for the bank because their money is is going to be with you for 30 years and so the bank is going to charge you a little bit higher in interest with a 15-year mortgage the bank is going to get their money back in 15 years not 30 years and so they can charge you a little bit less in interest because it's less risky for the bank"
By Minority Mindset | January 7, 2024 | Pending
From video
This LOOPHOLE Lets You (Almost) NEVER Pay a Mortgage Bill Again 00:41:11 - 00:41:38
Interpreted Prediction
Longer mortgage terms (like 30 years) are considered riskier for banks, leading to higher interest rates compared to shorter terms (like 15 years), where banks get their money back sooner, reducing risk and thus interest rates.

Prediction Details

Topic
Mortgage Interest Rates

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