Nov. 15th, 2007

Mortgages

Nov. 15th, 2007 03:23 pm
dancerjodi: (Finance)
"What's the hottest mortgage product today? . . . The 30-year fixed-rate mortgage"

and interestingly,

"Prior to the Great Depression, the typical mortgage contract had a maturity of less than 10 years, a loan-to-value ratio of about 50 percent"

From here:
http://www.bankrate.com/brm/news/mortgages/20071101_mortgage_basics_return_a1.asp

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dancerjodi

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