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The end of the 30-year fixed-rate mortgage?

Started by hug101
over 14 years ago
Posts: 4
Member since: Sep 2010
Discussion about
The answer seems to be a clear 'no' but the article claims rates seem to be set to go up for 30yr terms. "Many housing proponents say the government's move to dismantle Fannie Mae and Freddie Mac means the most popular home loan will be more expensive. But how much more is a matter of debate." Estimates are between 1% and 3%: http://articles.latimes.com/2011/may/15/business/la-fi-lew-20110515

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