America’s remarkable mortgage system (30-year fixed rates with unlimited refinancing) is working its magic -> 20 million borrowers can lock

America’s remarkable mortgage system (30-year fixed rates with unlimited refinancing) is working its magic -> 20 million borrowers can lock in historically low interest rates through refinancing. Exposes lenders to some really nasty risks unless GSE-backstopped. @SoberLook https://t.co/fHzEd0y6pM

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