Earlier this month the government changed one of its rules on mortgage payments, allowing first-time buyers or people purchasing a newly-built home to take loans with 30-year amortizations, instead of 25 years.
Although the move is intended to lower monthly payments and make home ownership affordable to more people, critics say it may have opposite effect by boosting demand and raising prices.
It’s hard to see how this won’t increase prices and costs for buyers. It clearly benefits lenders, but everyone else will pay more.
I tried this with Gemini. Regardless of the number of rs in a word (zero to 3), it said two.