- Boomers won the housing market and millennials got screwed, BofA says. ‘Everyone locked in 3% mortgage rates, except Millennials’. When boomers were entering the housing market in the 1980s, mortgage rates were extremely high. But many many have refinanced their mortgages as rates fell. https://fortune.com/2023/10/26/millennials-screwed-boomers-won-housing-market-bank-of-america-mortgage-rates/amp/ 197 comments economy
Linked pages
- 99% of borrowers have a mortgage rate lower than 6% | Fortune https://fortune.com/2023/03/02/housing-market-lock-in-effect-3-percent-mortgage-rates-real-estate-home-buyers-sellers/ 1175 comments
- BofA: Buckle up for 1980s-style housing ‘turbulence' | Fortune https://fortune.com/2023/10/06/home-price-outlook-bank-of-america-housing-recession-turbulence-1980s-not-2008/ 49 comments
- Finance: Latest news & analysis on the business of finance | Fortune https://fortune.com/section/finance/ 0 comments
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