Mortgages

[dancerjodi]

"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

Comments

[bobthemad.livejournal.com]

Makes me glad I was smart enough to get a fixed rate mortgage when I got the house back in 2005. Luckily the housing market here in Dallas hasn't totally melted like in other areas of the country