Always On Point

Mortgage Madness: The 50-Year Conundrum


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Diving headfirst into the mortgage mayhem, we explore the buzz around 50-year mortgages, dissecting their pros and cons. With interest rates hovering at 6.38% for a 30-year fixed, the market is stabilizing in Northeast Wisconsin, promoting fair play between buyers and sellers. However, the proposed 50-year mortgage, while offering lower monthly payments, adds significant long-term costs, leading to skyrocketing interest and reduced equity. Real estate agents emerge as crucial allies in navigating these turbulent waters. As the market seeks balance, the focus shifts to building affordable housing, aiming for a sustainable future in real estate.

Guest: Kristen Ambos
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Always On PointBy Kristen Ambos