Archive for March, 2007
Chewbacca writes for The Economist
Free Exchange asks:
What madman would support expanded use of fixed-rate mortgages?
and then descends into nonsense. Let’s see:
Economically, a preference for fixed-rate mortgages makes absolutely no sense. Let’s say you’re a mortgage lender considering lending out some money for the next thirty years. You have to be worried that if you lend money out […]
Posted: March 12th, 2007 under Unsorted.
Comments: none
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