I know this wants to be a bar chart, but an area chart would be so much easier to look at.
Wow, so over half of all mortgages in the US are at a rate lower than what you can currently get in a HYSA at zero risk. That is just so bizarre to say out loud. Absolutely zero incentive to make extra payments on their mortgages.
TIL that Americans can get 30 year fixed rate deals. In the UK they range between 2 and 5 years mostly, before reverting to the standard rate
I wish this mentioned how many US homes are owned outright with no mortgage. Almost 60% of mortgage holders have a rate below 4%. Are mortgage free homes 2% or 25% of the remaining homes?
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I know this wants to be a bar chart, but an area chart would be so much easier to look at.
Wow, so over half of all mortgages in the US are at a rate lower than what you can currently get in a HYSA at zero risk. That is just so bizarre to say out loud. Absolutely zero incentive to make extra payments on their mortgages.
TIL that Americans can get 30 year fixed rate deals. In the UK they range between 2 and 5 years mostly, before reverting to the standard rate
I wish this mentioned how many US homes are owned outright with no mortgage. Almost 60% of mortgage holders have a rate below 4%. Are mortgage free homes 2% or 25% of the remaining homes?