30.08.2010 - US: Paying off the house in 15 years
From WSJ: A growing number of homeowners are choosing to pay down their mortgages at a faster rate--even if it means a substantial jump in their monthly payments. Between January and June, 26% of homeowners who refinanced chose a 15-year fixed-rate mortgage, according to data from CoreLogic, a provider of financial, property and consumer information. During all of 2009, 18.5% of borrowers who refinanced opted for a 15-year term. What's prompting the shift to shorter loans? Historically low interest rates for fixed-rate mortgages...........................................Full Article: Source
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