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Global Perspectives: 30 Year Fixed Rate Mortgages are Priceless

BIZCATALYST 360°
BY BIZCATALYST 360°

Matt Yglesias writes about the 30-year fixed rate mortgage in the United States and asks whether it would survive the end of government subsidies through Fannie Mae and Freddie Mac: One is that if you look at other developed countries you generally don’t see the American-style 30-year fixed rate mortgage. Instead you either have short-term loans that need to be periodically refinanced at new interest rates, or else something more like an Adjustable Rate Mortgage.

via Not Quite Noahpinion: 30 year fixed rate mortgages are awesome.

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WE ARE THE AWARD-WINNING PUBLISHING DIVISION OF 360° NATION —PRESENTING OUR LIFE, CULTURE, AND BIZ MULTIMEDIA DIGEST AS A HUB OF CREATIVE EXPRESSION AND PERSONAL GROWTH. WITH AN EMPHASIS ON ACTION, OUR VAST GLOBAL CONTRIBUTOR COMMUNITY EMPOWERS PEOPLE TO TRANSITION FROM KNOWING WHAT TO DO TO ACTUALLY DOING IT —ALL COMPLEMENTED BY SYNDICATION RELATIONSHIPS WITH A CHOICE GROUP OF EQUALLY INNOVATIVE MEDIA OUTLETS. TODAY AND EVERY DAY, WE SIMPLY DELIVER THE VERY BEST INSIGHTS, INTELLIGENCE, AND INSPIRATION AVAILABLE ANYWHERE —DOING IT OUR WAY BY PLACING OUR WRITERS AND OUR AUDIENCE AT THE FOREFRONT. IT'S MAGICAL. IT'S EVERGREEN. AND QUITE FRANKLY, IT'S JUST GOOD STUFF. PERIOD.

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