How a Rare Type of Mortgage Is Landing Homebuyers a 3% Rate

CNBC, Oct. 15, 2024-Devan Burris
As mortgage rates stagnate around 6%, prospective homebuyers are feeling nostalgic for the 3% interest rates of 2020 and 2021. Google search results for the term “assumable mortgage” spiked in May, following a steady upward trend starting in 2022.
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