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by checkyoursudo 1369 days ago
> tax payers subsidize your mortgage

How do taxpayers subsidize fixed-rate mortgages in the US?
1 comments
seibelj 1369 days ago
The government guarantees them. Banks would never offer this product otherwise.
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cortesoft 1369 days ago
The government does not guarantee mortgages.
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chordalkeyboard 1369 days ago
it is more complicated than the gp makes it seem, but 30 year mortgages are absolutely a creation of policy in the form of federally owned corporations that rebuy mortgages that were written according to a standard policy.

https://www.grarate.com/article/history-30-year-mortgage

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