Tuesday, December 15, 2009jump to the original story in - Wall Street Journal:
Questioning the sanctity of the 30-year fixed home loan is tantamount to proposing that the White House should be repainted pink. For Realtors, mortgage lenders and home builders, the fixed rate is nearly as sacred as the tax deduction on mortgage interest. Yet there are good reasons to wonder whether the 30-year fixed-rate mortgage deserves to be enshrined and protected in public policy.
What’s So Great About 30-Year Fixed-Rate Mortgages?