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The Case Against 30-Year Mortgages

(www.wsj.com)
13 points paulpauper | 1 comments | 11 Oct 25 16:42 UTC | HN request time: 0s | source
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jstanley ◴[11 Oct 25 17:01 UTC] No.45550727[source]▶
This isn't about 30-year mortgages in the general case, this is about the US specifically, where a fixed-rate 30-year mortgage is typical, with a good rate and no early repayment penalty.

And yes it's insane, because if rates go up you leave it alone and if rates go down you remortgage at a lower rate.

replies(2): >>45550744 #>>45550787 #
orochimaaru ◴[11 Oct 25 17:03 UTC] No.45550744[source]▶
Why is that insane? It’s good for the consumer, no?
replies(2): >>45550768 #>>45550786 #
1. appreciatorBus ◴[11 Oct 25 17:06 UTC] No.45550768[source]▶
Not all consumers are homeowners. Something that is only good for one portion of the public is usually paid for by the other portion.