The 30-Year Fixed Mortgage Should Disappear
Forbes, Apr. 26, 2016–Pinto, Edward
The 30-year fixed-rate mortgage should be retired–for good. Despite continued proof that it fails to build up wealth for the most disadvantaged Americans and that mortgage debt should not be a burden as homeowners approach their 50s and 60s, misguided advocates maintain that the 30-year fixed-rate mortgage should be at the core of the U.S. housing finance system.
