Dollars and Jens
Friday, April 23, 2004
interest rates
And then there's this discussion of adjustable versus fixed-rate mortgages by Liz Pulliam Weston over at I like the idea of a fixed-real-rate mortgage, with ammortization on a real schedule as well — in times of inflation the principal might actually be increasing in nominal terms — which might look like an adjustable-rate mortgage in terms of the interest expense (inflation is one of the biggest variables in the interest rate) but without quite the cash-flow crunches those can create.

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