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How can banks in the USA give 30 year fixed mortgage on home loans?
How can banks in the USA give 30 year fixed mortgage on home loans? Comparing the USA to australia, here in australia we can only get a 5 year fixed MAX and at an usually inflated interest rate, the more years, the higher the rate, how can banks in the US give our 30 year fixed without going broke? You'd think that when they gave out all the 30 year fixed mortgages at 2.2% it would send them broke if interest ra...
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