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⚡️Where are mortgage rates headed!?! ✨

Ken McElroy Show

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Is There a 40 Year Mortgage?

The biggest talk has been to take the government business and make it and allow for forty year loans. And what that does is increases the affordability of the home. If you stretch a payment out of another ten years, your payments come down. No one's paying off their mortgage any more. They just keep refinancing for the last 30 years. This is not our culture anymore.

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