Housing market will be fine without 30-year fixed loans

posted by
March 21, 2011
Cato Institute
by Mark A. Calabria  
Posted in Commentary

"As Congress begins debating the future of Fannie Mae and Freddie Mac, proponents of keeping the taxpayer on the hook for the mortgage market argue that without such support the 30-year fixed-rate mortgage would disappear. The advantages of the 30-year mortgage have, however, been grossly exaggerated. Subsidizing it should not serve as an excuse for continuing to put the taxpayer at significant risk." (03/16/11)


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