The most craziest mortgage you can get is a 30 year fix – Planet Money

Interesting podcast by NPR Planet Money on the craziest loans banks makes, the 30 year fix. Their argument is the loan is crazy because all the advantages belong to the customer and not the bank as the bank is taking on a lot of risk by locking in the loan for the long term.  And how Fannie Mae post 70s screwed it up.

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