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[HN] Middle class homebuyers taking $7k mortgages planning to later refinance down

fortune.com Middle class homebuyers are taking on $7,000 mortgages with plans to later refinance down

The U.S. housing market firmed up this year. One reason being that buyers jumped in assuming they'll be able to refinance to a lower rate in the near future.

[ comments | sourced from HackerNews ]

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