Growing appeal of going short

July 2013
Real Deal: New York Real Estate;Jul2013, Vol. 11 Issue 7, p30
The article reports on the increasing engagement of refinancing baby boomers to 10-year-mortgages. It relates the survey by MyBankTracker.com which states the significance of low interest rates in the increasing attraction of shorter-term loans for lenders. Moreover, Freddie Mac chief economist Frank Northaft considers 10-year mortgage as an ideal product for retirement planning process.


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