Sunday, September 13, 2009

23% of mortgages are interest only

A home loan built on shaky ground

This seems like an extraordinary statistic to me: perhaps it covers lots of mortgages which are technically interest only, but wouldn't be called such by a lay-person? Anyway, if and when interest rates rise, this might make for interesting times for people on such loans.

Posted by doormat @ 03:18 PM (528 views)
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