AlexR

Fannie, Freddie and the 4.5% Mortgage Myth

I agree with the comments. The author is wrong. When it comes to shopping in the real estate market, monthly payment is king. The 4.5% trick could have a lasting effect even if the rate itself is temporary. Any home purchased under a temporary low-rate program will be more likely to become a "heirloom property" than being resold in a few years. With new construction already a thing of the past, the reduction on the number of available homes for sale will be long-lasting, ultimately leading to sustainable higher prices.