In the U.S., there may be no more important financial product than the 30-year fixed-rate mortgage. Americans hold $ 10.3 trillion in mortgage debt, according to the Urban Institute , and over 70% of all mortgages are of the 30-year fixed variety.
In the U.S., there may be no more important financial product than the 30-year fixed-rate mortgage. Americans hold $ 10.3 trillion in mortgage debt, according to the Urban Institute , and over 70% of all mortgages are of the 30-year fixed variety.