Comment on Some homebuyers are beating high interest rates with 1980s-era assumable mortgages

Some homebuyers are beating high interest rates with 1980s-era assumable mortgages

Jim Buchta | Star Tribune (TNS) Last year, after Deb Jerikovsky’s husband died, she decided to swap the lake home where they planned to spend retirement for a house in the metro that’s closer to family. She put that plan on hold, however, once she realized 7% mortgage rates would force her to dip too deeply into her savings.

 

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