The 30-Year Mortgage is an Intrinsically Toxic Product

The crash didn’t pop the bubble

Finance Mortgage Economics The 30-Year Mortgage is an Intrinsically Toxic Product Byrne Hobart 29 min read · Dec 26, 2018 -- 25 Listen Share Attention conservation notice. This jeremiad is all about financial policy, which I know is not a topic all of my readers are interested in. This piece is only relevant to you if you own a home in the US (because mortgage rates matter) if you rent in the US (because market rents are set in comparison to the cost of owning), or if you save and/or borrow money anywhere in the world (because of the US mortgage system’s effect on long-term interest rates. Rea

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