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Home Market Research Economy

Americans can still get a 2% mortgage

by TheAdviserMagazine
6 months ago
in Economy
Reading Time: 1 min read
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Americans can still get a 2% mortgage
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WHEN ADNAN SABIC began looking for a home in 2023, he was shocked. The hotel executive, whose wife had just given birth to twins, could not believe how mortgage rates had rocketed. Then he found a four-bedroom house listed for $775,000 with a nice selling point. Rather than borrow at 6% and pay $4,500 a month, Mr Sabic could “assume” the seller’s mortgage, at 2.6%, and pay just $3,100.



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