Why the 30-year fixed-rate mortgage is a 'uniquely American construct' (cnbc.com)
I suppose it could be an absolute rort MisterC .
But , surprisingly , it is not.
This article covers the subject in an easy to understand form.
If anybody asks ''why does the consumer here have to take the risk?'' , , because overall it is cheaper than it otherwise would be , to the borrower.
cheers
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