Popular in the 1970s and 80s assumable mortgages have largely fallen out of the public consciousness. But as U.S. mortgage rates plateau above 6%, interest in this rare type of mortgage has seen a steady climb over the past three years. Now, U.S. homebuyers are looking into mortgage assumption as a way to secure a sub-3% mortgage rate.
Watch the video above to learn more about assumable mortgages, how they work, and why they can come with their own set of hurdles.
Chapters:
0:00 Introduction
1:57 What are Assumable Mortgages?
Produced and Edited by: Devan Burris
Graphics by: Jason Reginato
Supervising Producer: Jeniece Pettitt
Additional Footage: Getty Images, Wes Van Dell
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to be a successful, confident communicator? Take CNBC’s online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Get started today: https://cnb.cx/4aryNgM
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#CNBC
How A Rare Type Of Mortgage Is Landing Homebuyers A 3% Mortgage Rate
source
:max_bytes(150000):strip_icc()/Health-GettyImages-1486145188-8cac24c161e846589ad1c53d25f191ee.jpg?w=120&resize=120,86&ssl=1 "Three Methods for Avoiding Kidney Failure")
