Some buyers can now get 30-year mortgages. Will housing affordability improve? - National | Globalnews.ca
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Some first-time homebuyers will now be able to extend amortizations on their insured mortgages out to 30 years. Here's what experts say about the affordability impact.
  • Rognaut@lemmy.worldEnglish
    3·
    5 months ago

    I’m about to step into a 30 year mortgage. I’ll be 63 when it’s paid off, if I only make minimum payments.

    Wild to think about.

    • Franklin@lemmy.world
      1·
      5 months ago

      The feds keep talking about taking action to bring prices down, hopefully we see that in our lifetime.