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The Case Against 30-Year Mortgages

(www.wsj.com)
13 points paulpauper | 1 comments | 11 Oct 25 16:42 UTC | HN request time: 0.207s | source
1. tonyedgecombe ◴[11 Oct 25 18:57 UTC] No.45551683[source]▶
Fixed rate mortgages create a problem for central banks trying to control inflation. Raising interest rates has an outsized impact on a small number of people rather than spreading the pain across all mortgagees.