In Defense of the 30-Year Mortgage ...Middle East

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In Defense of the 30-Year Mortgage
James K. Galbraith A recent New York Times column argued that the long term fixed-rate loan popular with US homebuyers is unfair to banks. In fact the arrangement—a fruit of the New Deal—is something all Americans should be thankful for. The post In Defense of the 30-Year Mortgage appeared first on The Nation.

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