5min chapter

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Argo the sequel: America and Iran’s hostage deal

Economist Podcasts

CHAPTER

Understanding Fixed-Rate Mortgages

This chapter explores the mechanics of fixed-rate mortgages, the challenges posed by fluctuating interest rates, and their impact on borrowers in various economic climates. It analyzes the current state of the US housing market, highlighting the stagnation in home sales due to homeowners' reluctance to move with low existing rates, alongside discussions on borrowing costs and affordability.

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