06.15.23 Inflation Busters / Mortgages: The 1% Down Payment
The Clark Howard Podcast
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The Rise of the 1% Down Payment
The cost of houses has stalled out because of the high by recent standards, mortgage rates. People are looking for any creative way to be able to buy a home. In a five-year ARM, your payments are set based on a 30-year term. The rate resets once a year typically based on then-current interest rates.
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