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In a market where all homeowners put 20% down and have fully amortizing 30-year fixed-rate/constant-payment...

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Finance

In a market where all homeowners put 20% down and have fully amortizing 30-year fixed-rate/constant-payment mortgages, taken out at various points in time, and home values are expected to increase by 4% this year, which owners have the greatest expected rate of appreciation on their home equity this year? Why?

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