Tie Me Up, Tie Me Down to Fixed-Rate Home Loan: Amity Shlaes (Bloomberg.com)
Story date: 2007-10-12 03:09:16
Added on: 2007-10-12 18:00:16
Oct. 12 (Bloomberg) -- There's nothing wrong with fixed -- the fixed-rate mortgage, that is. As the mortgage crisis has unfolded, everyone has blamed the new-fangled mortgages: Interest-only, pick-a-payment, subprime ARMs, Alt-As became pejoratives overnight.
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