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The Ultra-Rich Are Using Giant Home Loans to Access Cheap Credit From Banks


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The Ultra-Rich Are Using Giant Home Loans to Access Cheap Credit

https://www.bloomberg.com/news/articles/2020-10-02/mortgage-ultra-rich-use-giant-home-loans-to-access-cheap-credit-from-banks

After cratering during the early days of the pandemic, the number of jumbo home loans of $766,000 or more increased by more 
than two-thirds in August from a year earlier, according to the U.S. Mortgage Bankers Association. 

Helping driving that
trend: More people buying larger suburban or rural houses as they seek refuge from cities, 
homeowners choosing to refinance, as well as a soaring stock market.

 

Edited by Saving For a Space Ship
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  • 433 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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