Remember those juicy mortgage rates from back in 2021? You don’t actually need a time machine to get one today. You just need to find someone willing to sell their house AND their mortgage to you. Called ‘assumable mortgages,’ they take a long time to get,, and you’ll probably need a fat wad of cash.
On today’s show, how to buy your way into a cheap mortgage rate.
Related episodes:
How mortgage rates get made
How mortgage interest rates work (and why they’re currently out of whack)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Tyler Jones. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
The Indicator from Planet Money
