Released: June 06, 2010

The new 20-year mortgage

Source: Bob Tedeschi, New York Times (Free Registration)

MOST people who took out jumbo mortgages during the financial crisis got hit with high interest rates as lenders and investors recoiled from anything that seemed even remotely risky. Now that market conditions have improved, some of these borrowers are looking to refinance into lower-rate mortgages, but they may not want to start over with a 30-year loan.

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