Researchers at the Fed have put the finishing touches on a new 30-year mortgage they believe solves for the equity-extraction and thus also the slow equity-accumulation and other equality challenges resulting from ownership through the current 30-year FRM. Reminiscent of other mortgage products that prioritize equity-building, the researchers believe and we agree that their new product advances housing equality because of its easier entry point (no down-payment) and more certain path to equity retention.

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