azureray
Active Member
found it on globe advisor
http://www.globeadvisor.com/servlet/ArticleNews/story/gam/20100211/RCARRICK11ART1902
It's indeed the BORROWERS~!! Coz they are smart
You know what, I would go for the 5% down + 35 years too even though I have the cash...with such low interest rate who would not want to free up some cash and wait for the "bubble burst" to scoop some deals?
The question is not how many people went for low + long...the question is what these people can really afford?
When interest rate goes up to 6,7%...those 5% down + 35 yrs people will shrink their other investment and rush for lump sum payments.