Friday, November 03, 2017

PPOR Mortgage changes......

Interesting to see that fewer than 3% of home mortgages in the USA are more than $500,000, according to data from CoreLogic.

Very surprised by this figure as basically 80% of apartments in NY would have to be above this....I knew it was lower in the midwest/south but not that much lower.... (and yes this will affect us eg $450k X 3.5% x 35% or around $6kpa)

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