June 18, 2025

homeownership

Mortgage

How 30-year fixed-rate mortgages became the U.S. standard

The housing market has plenty going wrong these days: high interest rates, high home prices, and affordability challenges — especially for first-time buyers. Now add another wrinkle: President Donald Trump’s renewed push to re-privatize the giant government-owned housing-finance corporations, Fannie Mae and Freddie Mac. They were taken over by the federal government (placed into conservatorship)

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