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The Avg American Mtg last 4.2 years

According to Fannie Mae (The Federal National Mortgage Association,) the average American mortgage lasts 4.2 years.

That doesn’t mean that people move an average of every five years or so, but it does mean that they sell or refinance every 4.2 years.

The average American DOES move every Seven years though. Chances are these numbers are somewhat surprising to someone looking to buy their first home or anyone whose knowledge of real estate is rooted in the history of their parent’s generation.

Of course, it doesn’t matter what everyone else is doing, does it

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