Why the 30-year fixed-rate mortgage is a 'uniquely American...

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