ilmscore | Prediction Details
"the way a mortgage buy down works is let's assume right now that the market rate for a 30-year mortgage is 7 1.5% but the first year of your mortgage instead of 7 1/2% you pay 4 1/2% year 2 you pay 5 1/2% year three you pay 6 1/2% and then you're four you pay 7 1.2%"
By Minority Mindset | May 4, 2024 | Pending
From video
The REAL Reason Mortgage Rates Are Rising 00:03:21 - 00:03:40
Interpreted Prediction
A temporary mortgage buy-down example shows initial interest rates of 4.5% in year 1, 5.5% in year 2, and 6.5% in year 3, before reverting to the market rate of 7.5% in year 4.

Prediction Details

Topic
Mortgage Buy Downs

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